Wednesday, June 24, 2009

SPX - Update Daily and Hourly

Spx close below 935 = 900.94(+5.84)

Below 911.50 I expect [880,893] very short term.
Below 935 I expect [790,820] medium term.
Remember two possibles scenarios:
Dont`t break range [880,893] and we will see pullback again target expect between [935,921].
Break range [880,893] and we will see soon 850.

Tomorrow resistance Hourly 911.50.
Last update I fail, because had obligation to have seen the opening of gapdown on Monday. Open was 911.50. Today high test open of last monday. So the must important resistance was and is 911.50 I post 908.
Scenario to have a pullback spx have to break trend hourly versus daily to have to close above 911.50.
Click to zoom in.