S&P500 just did, what I forecasted in June 24th. It broke the 1040 and found support at 1010-1015. I'm looking for a side way move or a short covering rally this week. If S&P500 breaks the 1010 this week picture will get very ugly. I think we are headed to test the 1040-1070 before S&P500 tanks to 950.
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S&P500 Technical Analysis (06/24/2010)