Wednesday, June 19, 2013

SPX 1610-1620 Support Range

The sell off during Ben's press conference was all in futures.  SPX very likely tests its support range (1610-1620) and bounces quickly.  I did some buying as SPX sold off to its 20 D-SMA today.  My plan is to finish my 3rd buy tomorrow either as SPX tests its support or near close.

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.