Trader Update -data point 28 March 2011-

Trading Environment:

-SPX 500  'buy' trigger March 25 _ C-RSI 30 +4.01 strength
-Institutional selling action _'selling limits' expanded_downtrend

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick' _upper expansion

-VIX 17.81_below 20 stress level_long-term resistance 32.70_D/Vol sideways range_6 New Lows

-New Lows: 6_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_positive strength

-Leadership stock ratio: +1.00 bullish advantage

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Stocktiming.com recommend:

positive intraday bias
Conservative_long

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Today's Session:

...the SPX 500 extended again in an attempt to push into the current March Peak *1332_the February Peak *1344 resistance amidst neutral internals and weak up-momentum. The Try got thumbed early at intraday *1320 so far

...as a result, expectations of a pending top between today's *1320_the current March 3 Peak *1332 remain in place. Further out, the February Peak *1344 is unlikely to fall in a first test

...an overbought sell-off will force the index to correct into the current *1256/*1281 zone 

Kind Regards