Thursday, May 3, 2012

...the SPX 500 market continues its step-up consolidaton pattern reaching out towards the 2 April 2012 High *1422.38 - currently, any violation of the *1400 level would weaken the bullish resolve to take out the April 2012 High - a Close below the strongly supported *1394 level introduces high risk for the market to re-test the strongly supported *1358 level at a minimum

Kind Regards

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