...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
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