Wednesday, July 7, 2010

SPX - Daily Market Thought 08072010

Strong and bullish day today. We alert last sessions possible false breakout  if spx hold 1009. Spx hold that number last sessions and today with close above 1041 confirm, range of last weeks still valid.
Above 1041 expect continuation up swing next resistance  daily chart 1074 above that 1095/1100 ( top of this range).
Remeber key number weekly chart sitting at 1060 ( was the today close), close weekly above 1060 will be bullish. Can see here last update weekly chart.

Click to zoom in. Good luck folks.

SPX - Daily Chart


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