|
PureBytes Links
Trading Reference Links
|
I agree with this analysis, the 1055 range basis S&P cash has held
several times. Although, in this instance (I too will be a buyer in
that 1050 range) watch the close on S&P cash. In looking at the Nasdaq
chart, Nasdaq closed beneath support yesterday, and opened down 26
points yesterday, so it looks as if Nasdaq has broken to the downside of
the consilidation. (to be confirmed today) If this is leading
indicator to the SnP, then S&P may break support this week which means a
continuation of the previous down trend.
MM
Proffittak@xxxxxxx wrote:
> good morning
>
> current vol suggests sp short term target of 1049-1052
>
> the real bottom to be 980-990
|