October 16, 2011

S&P 500 Weekend update

  • Staying above 1230 Bulls can extend this up move towards 1250 levels. If it is retracing the breakdown from rising wedge It may go higher towards 1300 levels before the big fall.
  • For bears they have to protect this level between 1219 - 1230 level and push price below 1202 for a bigger fall to happen.

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