SGS is Long (As of close of 4/30/2012)
Last Friday SPX closed above 1334 (neckline for IHS in daily) signaling a move to test 50 D-SMA around 1350 sometime this week. Before that test there is an excellent chance SPX sells off to back test the neckline at 1336.
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.