SGS is Neutral and RTS is in cash.
Market sold off this week and SPX closed just below its 13 D-EMA on Friday at 1200. Ever since this rally started (Sept 1), SPX has bounced sharply off its 13 D-EMA. This time it's just sat there, just below it. To me it means that Market is on the fence and it's hard to see what it might do. Below a number of probable moves are shown graphically. I think the likelihood of a bounce and a try at the new resistance line (solid thick black line just above 1220) is good.
Past RTS Portfolios
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice. Furthermore, the opinions expressed may change without notice
Saturday, November 13, 2010
Probable Scenarios for Next Move of SPX
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