Friday, May 21, 2010

SPX Short-term Market Thought 24052010

Not must time last days to put here some intraday thought sorry for that guys.
I`m a swin/daytrader not easy with this spikes have time refresh some charts.
Let see this is spx cash chart 60 minutes..... I`ll follow this view next monday.
1- Stay alert if close above 1090 can reversal confirmation with a close hourly cash above 1094 target 1106 possible extension to 1120;
2- Bullish divergence today lows and bullish head shoulders underway close above 1094target 1120 again
3- Need to hold 1070. Close below 1070 new lows target 1040 possible extension to 1020.
More updates soon. Enjoy your weekend, i have must work here this weekend.
Click to zoom in. Cheers!!


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