Sunday, November 3, 2013

SPX To Test Support Range at 1740 - 1730

In Cash as of 9/3/2013 

Indices are overbought and very likely will correct this coming week.  Chances are good that we see SPX tests immediate support at 1740 and its 20 D-SMA at 1730.  My plan is to do my first buy sometime this coming week as SPX tests its support range.

RTS Stocks - 1st of 4 positions in: TBD and posted later (Momentum is shifting).

Indices -1st of 4 position in: SPY, QQQ and IWM (equal $).

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 N without notice.