Sunday, 26 July 2009

Quick Weekly Update for July 26

It was an up trending week on the cash S&P500 that both confirmed the break of the current TD Supply line (downward sloping dashed red line on the price chart) and fulfilled the minimum target of 970.21.

Bottom line: I have a bullish view for the next couple of months as outlined yesterday. On the weekly chart the next upside target is in the 1015-1030 area.

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