Trader Update -data point 22 June 2-11-

Confirming Strength:

-Institutional selling action_short term downtrend

-New Lows: 23 < 28 danger zone < panic zone 50

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30

-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' in contraction
-Short term liquidity trend: 'uptick' in negative_daily inflows 'uptick' in positive
-VIX 18.63 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 44 < 180 minimum target

-NYSE_(= hft-zone)_C-RSI 30 -2.86_negative NYA-Momentum
-Leadership stock ratio: -0.17 bearish advantage/neutral

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Stocktiming.com recommend:

• mixed to positive intraday bias

• Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert

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Today's Session:

hedged *1378

...ranging below overhead resistance current *1302 with short term momentum hurdling away from *1299 intraday price action -

..high risks for bearish reversal to challenge current *1233 support - including the November 2010 High *1227 on the downside

...a successful defense in the support range *1233/*1227 would be the basis for an immediate recovery with the June 1 High *1348 an initial target

Kind Regards