Wednesday, April 29, 2009

$SPX - Breakout?


Was that the breakout? 882.06 for the Bulls did not break into the next higher channel and the Bad GDP, Pandemic Flu, nor the Fed doing nothing and warning of "slowing recession rate" could keep the Bulls from blasting higher.

Bottom line is:
The "breakout" of today failed to hold the 875 level - advantage Bears

UNLESS 882.60 is broken to the upside and held over the next two days....



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