Thursday, May 13, 2010

ES 1172

The top of today's intraday range should be a good point to get short, with a stop above 1182.  I expect Friday to be an up day as shorts cover and people front run mutual fund Monday.
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2 comments:

  1. Anonymous5/13/2010 09:59:00 PM

    We drop tomorrow to at least 1147 on S&P, worst case 1123 then resume uptrend next week. I still think we may see new highs.

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  2. Petsamo5/14/2010 08:46:00 AM

    The SPX has been staying south of the 50 day SMA, so watch for that area of the previous days' highs.

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