Thursday, August 23, 2012

SPX Very Likely Back Tests 1400 Soon

SGS is Long (As of close of 4/30/2012)

SPX is now trading below its recent price channel. I think chances are good SPX drops to test 1400 and possibly the primary downtrend line intraday around 1390. 

Face Book

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. 

Sunday, August 5, 2012

A New High For SPX Is Very Likely This Week

SGS is Long (As of close of 4/30/2012)

SPX is up against its Primary Downtrend Line now.  A solid close above that line tomorrow signals a rally to new multiyear highs this week.

Face Book

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.