Monday, December 20, 2010

SPX Range Bound 1241 ..... 1254

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

Today SPX tested its Friday's low, then rallied, broke out of its bull flag formation and closed above it.  I still think a retest of the primary up trend line is very probable this week.  Tomorrow we could see SPX dips lower to low 1240's before rallying up to lower to mid 1250's.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice

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