Sunday, November 4, 2012

Trader Update -data point 5 November 2012-

...following a second failed challenge of its 50-dsma, the index closed weak *1414.20 below first line strong support *1427
while Long Term Trending Fed. Liquidity_Institutional Investors_Foreign Liquidity Inflows remained net positive, the SPX 500 long term strength is negative_down trending a result, the index remains mired in weakness below its 50-dsma, but above *1400, potential for further short term upside moves remain - the index remains in a high risk condition for a break below the *1400 support

Kind Regards

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