Sunday, June 17, 2012

Trader Update -data point 18 June 2012-

...after a week long consolidation, the Friday SPX 500 market closed the index *1342.84 outside the green strong resistance zone - the market now appears to have sufficient strength to challenge the 50-dsma current *1248.45 with potential to trade up into strong overhead resistance marked by the 14 May 2012 High *1351.93_11 May 2012 High *1365.66
the market operated the current up-move off the 4 June 2012 Low *1266.74 from an extremely low short term inflowing liquidity position
and institutional net Buy/Sell now shows cautious accumulation - however,
long term trending Fed. liquidity, institutional investors, foreign liquidity inflows remain diappointingly stuck in contraction territory with no higher High 14 June 2012 (awaiting fresh data for Friday 15 June 2012)

as a result, the short term positive tone continues but long term, the SPX 500 bull market remains a high risk affair. To lock in profits so far, the stops have moved up to the 22 May 2012 *1328.49 Thank You market for a nice 4 June 2012 Low birthday present 

Kind Regards 


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