Thursday 31 March 2011

SPX Daily Chart - 30 March 2011

     As the market approaches the next target level of 1332.28 it looks as if it will also complete a TD Sell Setup today. Decision time! Will the run upwards continue through a full sequential and/or combo countdown? Or will setup mark a top?
     Bottom Line:The daily chart remains in a bearish mode with allocation mix at a +50% reading. The chart would turn bullish with a qualified break of 1345.5.

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