Wednesday, September 15, 2010

Still Holding!!!!!!!!!!!!!!!!!!!

SPX has broken one critical support trend but is still held up by the second. Entry into a short position at any point here is possible with higher risk but i'm waiting for the second trend to break. Notice that we are now riding up the broken support now turned resistance. This is a major warning to the bulls as a topping process. I'm not saying we will not get a new high before the correction but the bull side is very risky at this point.

No comments:

Post a Comment