Wednesday, October 21, 2009

S&P UPDATE

We closed below the important 1081 level which acted as support in the market short term. We not not far from it in the early overnight session but we close horrible and ticked off some bearish divergence and signals.
Watch the same numbers we hit on the way up 1067 and that important 1054. That 1054 is like a mirror and I am telling you this here and now when we break that 1054 on a two push down that will signal the last of this rally. Yes yes I said it but technicals never lie.
I have some work to do but if I am up to it I will post some charts.

No comments: