Monday, April 16, 2012

SPX 1340 Is Likely Sometime This Week

SGS is NEUTRAL (As of close of 3/6/2012)
In CASH (closed all positions @ SPX 1254 on 12/22/2011) 

The Primary Uptrend Line Support for SPX held today, but I believe that support is considerably weaker now and would fail if tested again.  Next level of  support for SPX is at 1340.  Chances are excellent for SPX to trade around lower 1340 by this Wednesday.