Trader Update -data point 21 November 2011-

...the 5 August 2011 market opened the SPX 500 *1200.28 - bulls managed the (+18) High *1218.11 - the bears managed the (-32) Low *1168.09 - the index closed uncertain *1199.38 - for the next 45 days until 10 Ocotber 2011, the index traded below the 50-dsma but crossed *1175.92 - consequent price action took the index up to the 27 October High *1292. 66

...the 11 November 2011 market opened the SPX 500 *1216.19 - the bulls managed the (+7) High *1223.51 - the bears managed the (-5) Low *1211.36 - the index closed uncertain *1215.68

-Trin +1.38 bearish bias with higher down-volume but more advancing issues 

-momentum trailing below 3 month trendline support

-market strength C-RSI 30 close to 0-line

-institutions moved into low distribution

-Long Term Trending Fed. Liquidity, Institutions, Foreign Liquidity Inflows moved into low contraction

...favorite seasonality supports expectations of higher prices ahead, but the market needs to hold the 50-dsma current *1206.78 and the 5 August 2011 Close *1200.28 - an accumulative Close above the weekly trendline support current *1223.94 would be the minimum show of strength to support expectations

Kind Regards