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Realtraders,
Just to let you know, my short-term charts are indicating that we are
fast approaching significant overhead resistance as well as overbought
indications in the market. Currently it is 12:15pm est and the SP Z7 is
trading at 95120, and the $SPX at 946.70. Presently, I see this overhead
resistance coming in at 95500 and 950-952 respectively. Further, we DO
have symmetrical resistance at those levels. Therefore, for the short-term
trader, there would appear to be very nice shorting opportunities in this
market. For the intermediate trader, you may want to sell some of your
positions so as to lock in profits.
Yours truly,
John Boggio
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