SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
SPX very likely will rally to test its active down trend line (shown in orange) tomorrow. I doubt very much if SPX could break through that resistance (triple resistance: down trend line, 13 D-EMA, 50 S-SAM) tomorrow.
If selling continues, SPX could drop down significantly to back test its previous down trend line around mid 1280's.
opader@gmail.com
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
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
SPX very likely will rally to test its active down trend line (shown in orange) tomorrow. I doubt very much if SPX could break through that resistance (triple resistance: down trend line, 13 D-EMA, 50 S-SAM) tomorrow.
If selling continues, SPX could drop down significantly to back test its previous down trend line around mid 1280's.
opader@gmail.com
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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