Wednesday, February 29, 2012

...after the 29 February 2012 SPX 500 price action sets a new multi month intraday High *1378.04, price distributed down to an intraday Low *1363.81 just above the 17 February 2012 High *1363.40. After today, risk are high for the market to range trade down to the *1355/*1351 support range before testing current short term trendline resistance *1375 in the hourly frame. A rejection in that level and follow through downside that violates the *1355/*1351 support range will set the index up for a 19 January 2012 High *1315.49 challenge

...portfolio protection at 90%

Kind Regards

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