Monday, October 31, 2011

Trader Update -data point 31 October 2011-

...a bullish bias in the market suggests potential to reach higher ground but
...the institutional index 'Core' Holdings has been driven up hard and fast suggesting a soft consolidation ahead of major resistance

 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

...the SPX 500 level *1330 - a formidable long term fan line reistance

...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 towards the October 26 2011 Low *1221

Kind Regards

No comments:

Post a Comment