Tuesday 8 September 2009

The S&P500: it's coming

This are strange times. Whatever perspective you’re looking to these markets, it’s not easy to determine what direction they will go.
As far as stocks are concerned, our lighthouse remains the S&P500. Pressure is building. This is our take: we’re bullish as long as stocks stay within the wedge.But if the S&P 500 breaks below 975, then look out below. It's going to get ugly real fast.


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