Thursday, August 6, 2009

Heads Up, SPX tracing out a outside reversal day.

A stright up run with 3 unfilled gaps, a hammer and a beraish engulfing, decisively negative.
Support at 988, 975 and mega support at 950. So far it is only a correction of Rally since July, price action around those support levels will decide if there are some more at stakes. We will see in next a couple of weeks.

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