Friday, June 18, 2010

SPX Daily Market Thought 18062010

Close 1 point above key number short-term 1115 with a nice run last 20 minutes of session, but close below high of last session.
So I`ll change beas short-term if close above 1118.74 ( high of tuesday).
I need to see a decent breakout of this area. Last two candle didn`t show me anything
Overbought conditions to see market reaction > Any change
Key level dowside 1089 Add one more number today 1106. What a big fight last session around 1106.
Close hourly below 1106 expect 1089.
Suport: range1077,1082, 1090 and 1106Click to zoom in. Good luck folks.

SPX Daily Chart


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