[RT] S&P500 Short Term

[Jpilleafe@xxxxxxx]

Interesting that 1400 - 1406 S&P500 cash 
support was reached so quickly.  Holding though.

The Index Put/Call ratio (most recent) is 
about  2 : 1,...also constructive.

Three week (13 mkt day cycle) should be
bottoming here,...look back and count 12-13
market days and see how many pviots have been
in those timeframes...  Suspect any bounce here
may be muted though...only last for a few days.  
But ...Short term daily indicators are oversold.

So I am constructive for next 1-2 days on S&P500.
My thoughts for what they are worth. 
Any comments or other ideas?

Regards,   JIM Pilliod  jpilleafe@xxxxxxx