Wednesday, July 15, 2009
The bull trap scenario is going ahead nicely, market became neutral in to partial overbought,but we could go higher little more before we head lower.
If I got the analogy right S&P500 should run out steam at ~920 to ~930 levels that complete the right shoulder, Then it should head lower. Note if S&P violates the 940 the head and shoulder scenario won't come to play and we should get a rally up to 1000. Lets see what is going to play out.
Posted by . at 12:37 AM