Friday, February 25, 2011

Morning update

After an almost reversal day SPX is challenging SMA 120. This is way too soon, a sign that the bearish momentum is not going to last for long. If SMA 120 holds I expect market to move back to 1300 next week but it may not go lower than that. Market action resembles the November one.


No comments:

Post a Comment

Thank you for your feed-back