Friday, June 19, 2009

S&P 500


Quadruple witching put handcuffs on the market Friday and it's anyone's guess as to which direction this market will take next week. A case can be made for both Bull and Bear with technical patterns to match. Bottom line is we are in the middle of the range and it is either going to be 880 or 1025. I give the edge to the bulls 60/40 only because the proximity to the longer term red channel bottom held this week.


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