Tuesday, June 8, 2010

spx reading at 1:08pm tuesday jun2 8, 2010

spx at 1053.90

daily at 4-0 buy
weekly 6-0 buy
monthly 1-0 buy

the monthly is the most troubling for bulls as spx needs a june close of greater than 1104.49 in order to avoid starting the 1-0 buy count.

that maybe too much for the spx to recover at this time.
in july, the index would need to close above 1169.43 in order to avoid going 2-0 buy.

paul

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