Friday, October 28, 2011

Trader Update -data point 28 October 2011-

...institutional Index 'Core' Holdings closed above its H&S neckline support line

20% Hedged: *1271

..SPX 500 outlook unchanged above the weekly *1242 trendline support. The market will attempt to drive the index into the *1285/*1305 level at a minimum - potential to challenge the 2011 *1376 market top

...a violation of the 25 October 2011 High *1256 would signal a re-test to affirm the weekly trendline support current *1244 - a Close below the weekly trendline support suggests weakness ahead

Kind Regards

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