Wednesday, September 1, 2010

Update 1 September 2010

Sorry for not posting any charts today, as I said earlier I wasn't at home and even missed all the fun today. :(


Just a short update, I'll post an update with charts tomorrow morning (~CET 0900/ EST 0300).

The first trading day in September and the SPX gained 29 handles! Pretty impressive!

I wrote that yesterday:

"The only chance I see for at least a bullish September is if 1040 holds and we get a strong rally starting tomorrow."

I think we can consider today's rally to be a strong rally lol : ). My guess is that this rally could last until mid September as long as 1040 holds. Why mid September? I'll explain that tomorrow. ; )

Have a good night.