My Long Term Portfolio
For the third day in a row, SPX lost its early gain and closed the day substantially lower. SPX is now trading below its 50D SMA and very likely will test 1300 support tomorrow. A close below 1300 would make a test of 200D SMA, around 1275, very likely sometime next week.
I added more shorts today as SPX went under its 50D SMA. I am planning to add more when SPX starts to trade below 1300, hopefully tomorrow.
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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