Monday, June 8, 2009

S&P500 Weekly commentary June 7th 2009

No specific comments for this week, I still maintain short term bullish stance. Next week ill be re-analyzing new suppport/resistence levels. Its quite possible that we will see 1000+ on the S&P500 if we get continued long term support. It may also be worthwhile examining psychological effects of the 200SMA cross under very early in last week.

Also, I was also very happy with my call last week as the markets did experience a 1.3% (as i predicted a 1 - 1.5% drop before any bullish moves could continue). Indeed I will have to say such a move was quite bullish for short term support.

Ill just be on the sidelines watching this week no forecast or strategy calls.


Last final exam this thursday!

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