Friday, August 1, 2008
1Aug08 - PreMarket Review (SPX Weekly)
sx broke down from a very long term support. this is very bad for bulls.
it is now attempting to rally up towards that resistance at about 1300. there exists also a shorter term fibo 38.2% resistance of about the same 1300 region.
looks for signs of shorting if tape shows weakness in buyings at that level
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