20% Hedged: *1271
...the SPX 500 successful holding the *1221 support suggests the bullish bias to remain - long term, the market may move into a deep consolidation between the October Low *1066 and 2011 High *1370
...be aware of a market Close below key support *1221
...a Close below *1221 would invite risk for additional near term weakness targeting the 28 September 2011 High *1187 - potential to reach lower towards the October 9 2011 *1162 support Low - setting a near term floor if successfully defended
...for immediate bullish action, the market needs to close above 2 November 2011 High *1242
Kind Regards
No comments:
Post a Comment