Wednesday, 21 July 2010

S&P500 1075 Sell Signal - 21st July

S&P500 failed to break above 1090 and fell 24pts from 1089 to 1065 before closing at 1069. On a medium term, the S&P500 is on a SELL signal, which was triggered at the start of May at 1170 level. Only 5 days closing above the Daily 50ema (1091) will change the downtrend.

           
Date Trade PriceStop Target Profit
21Jul SELL 1075 1090 1040 £60
20Jul BUY 1072 1075 1085 £30
16Jul SELL 1085 1072 950 £130
07Jul BUY 1035 1085 1130 £500
22Jun SELL 1115 1035 950 £800
10Jun BUY 1068 1115 1130 £470




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