Wednesday, June 16, 2010

SPX - Daily Market Thought 17062010

Expect last sessions Overbought conditions to see market reaction > True Now
Key level 1115 reversal trend short-term > Close today again
If this view is correct market will reversal next session> Close today negative/flat
Let see next session for now unable to break 1115.
Key level dowside 1089 Add one more number today 1106.
Close hourly below 1106 expect 1089.
Suport: range1077,1082, 1090 and 1106
Remember last thought hourly chart possible bearish divergence and wedge Intraday (60 minutes) market thought 16062010
Click to zoom in. Good luck folks.


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