S&P500 has reached my October target 1100, and pulled back exactly at level that I forecasted a couple months ago. We violated many support lines, but technically we are due for a "Dead cat bounce" by end of this week, but it's too early to say if we are going to get it anything more than a bounce or not. Here is the link to October article:
http://the-us-microeconomics.blogspot.com/2009/10/s-possible-moves-in-october-09.htmlAs you know consensus for 3Q GDP is 2.5 to 4 . It will be market mover on Thursday. Please note we must get above 1054-1066 very soon otherwise picture is going to become uglier. If big institutions want to move market higher they must push the S&P above 1050 on Thursday.
Related Topics:
S&P500 Possible Moves In August
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