Tuesday, September 29, 2009

Pay Attention To 1066

S&P500 technical analysis chart:
S&P500 could not close above 1066. We had fake out for a couple minutes then S&P500 pulled back. If bulls push the market higher than 1066 you could jump back. If S&P500 fails to take out 1066 you should go to cash, for natural bulls readers I recommend to get out if S&P500 drops below 1040. I'm short, but I will get out if S&P500 closes above 1080.