Wednesday, October 5, 2011

SPX Is About To Test Its 20 D-SMA

SGS is LONG (As of close of 8/24/11) 
Major indices are all about to test their 20 D-SMA either tomorrow or on Friday.  The 20 D-SMA for SPX is around 1160.  We very likely see SPX trading at or near that resistance sometime this week.

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.