Trader Update -data point 27 October 2011-

100% Hedged: *1258

...the SPX 500 bounced off the *1220 key support, currently dealing with the 4 August 2011 *1267 weekly High overhead resistance

...above the weekly *1242 trendline support, the market will drive the index into the *1285/*1305 level at a minimum - potential to challenge the 2011 *1376 market top

...expectations are, the yearly 2011 top *1376 will remain in place

Kind Regards