Thursday, June 17, 2010

Key level for S&P500 in June 2010

S&P500 is above the key level (1100). The real game will start next week, if bulls could keep the S&P500 above the 1100 you could go long. Note violation of 1100 would be very negative for bulls, if S&P500 tanks below 1100 it will take out the 1040. Please note indicators became over bought, we shall find out soon if bulls have any steam left.