Wednesday, October 28, 2009

SPX - Bears Control or Bulls will attack soon?

This is the beginning of something big.
But i will only have confirmation, with weekly close under 992 or montly close under 1002.
I will refresh some charts big picture next weekend.
Now follow short-term update.
SPX close today near trend and important suport at 1043.
Last weekend i put this chart:
This scenario is possible but bulls have to reversal tomorrow. Possible target and reversal between[1060,1066]. Above 1076 new high.
Next suport daily range [1025,1028] bad signal if market break this suport area.
Close below 1025 will open the door to 975-980. Remember target and advisor last weekend.
Click to zoom in.