Thursday, June 9, 2011

Trader Update - data point 10 June 2011-

Today's Session:
hedged *1378 - adding long positions slowly

...the SPX 500 bounced off within the *1282/*1278/*1268/*1256 support cluster but unless current *1312 will eat dust on a Close basis, few impediments will stop the index trading lower, challenging the lower part *1268/*1256 of the support cluster

...a successful defense in the *1282/*1278/*1268/*1256 support cluster would be the basis for an immediate recovery with a market likely to remain sideways between the March High *1371 and support
Kind Regards

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