Tuesday, May 29, 2012

Trader Update -data point 30 May 2012-

...the SPX 500 market closed the index well into the safe green zone settling above the 22 May 2012 High *1328.49 - the next immediate hurdle to take out is the 15 May 2012 High *1344.94, the point from where accelarated selling pushed the index to the 18 May 2012 Low *1291.98.
...the VIX remains below the bearish inspired *23.4

...watch for weakness ahead with a respective Close below the SPX 500 developing trendline and above the VIX  developing trendline

Kind Regards

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