Saturday, April 9, 2011

SPX - Daily Market Thought 11042011

Follow bullish view above 1319.50 Daily chart .
Focus now 60 minutes chart after pullback last friday to add longs positions target:
1ª 1347.50 (161.8% extension natural target last swing high and friday lows)
2.ª 1355 next resistance area
3ª [1367,1378] false breakout area 1344;
Change beas to neutral if close daily below 1310 / Bearish short-term if close daily below 1280.
This see here last update weekly chart - what expect next weks.
Click to zoom in.