Wednesday, April 13, 2011

Get ready for short squeeze, S&P500 1430 is just around the corner

OK! bears have enjoined 4 days pull back, now is the time to squeeze the shorts. I'm looking to a strong short squeeze in coming days.
As long as S&P500 stays above 1285 bulls have the upper hands. S&P500 has formed an inverted head and shoulders. If big institutions send the S&P500 above 1340 I would expect a strong rally to 1430 in coming weeks. Please note if S&P500 violates the orange channel bulls are in big trouble. 1285 support level is do or die for S&P500. Lets see what is going to play out.