Monday, March 21, 2011

Bulls And Bears Will Go At It Again - T-Bones For Bears Tomorrow

SGS is Short (as of close of 3/16/2010)
RTS 20110317 Short Portfolio (Bench Mark)
My LT Portfolio
SPX back tested and closed above its 13 D-EMA today.  It's now sandwiched by two trend lines (in orange) which will force SPX to make up its mind, set a course by breaking through and closing past one of those two lines. My money is on SPX breaking down through its new up trend line and moving lower for a very probable retest of 1250 level.

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.