Market Take for 6.4.13
SPX: Closed on days highs today…right at 1640. 1640 is an area of resist, if we can break above and hold that…I think market could then test 1650. If we open lower or fail at 1640, then I want to see … Continue reading
5.14.2013 Market Take
SPX: Since last Tuesday when we broke over 1620….we have seen 4 days of sideways trading. During those 4 days, the highs/lows of day have been roughly the same. I consider this bullish consolidation (sideways action after resistance break/close) and think … Continue reading