Tuesday, 6 March 2012

SP500 Sell triggered at 1361

S&P500 (1343) failed to close above 10ema (1361)............Downside target is 1310 with a bounce back to 1350-1360, before a move down to 1280-1290 by the end of March.....well that's what I will be looking for over the next 18 trading days. In the short term, the Bears will look for any reversal to fail at the 1363 pivot this week. Target low 1280 to be hit by Friday 23 March


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