Wednesday, 9 June 2010

S&P500 - 1055 Only 5 points above the low close of the year

A close below 1040 tomorrow will be VERY BEARISH for the Markets and may signal a drop down to support around 950. Market needs to close above 1107 pivot to signal a retest of 1150.

Daily - SELL
10ema(1075) < 20ema(1094) < 30ema(1109)

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