Thursday, August 23, 2012

SPX Very Likely Back Tests 1400 Soon

SGS is Long (As of close of 4/30/2012)

SPX is now trading below its recent price channel. I think chances are good SPX drops to test 1400 and possibly the primary downtrend line intraday around 1390. 

Face Book

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 
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Sunday, August 5, 2012

A New High For SPX Is Very Likely This Week

SGS is Long (As of close of 4/30/2012)

SPX is up against its Primary Downtrend Line now.  A solid close above that line tomorrow signals a rally to new multiyear highs this week.

Face Book

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 
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