Friday, June 29, 2012

S&P 500 ~ Intraday Update ~ 29 June 2012

This is exactly why I wanted to see a break of 1307-10 first before going short:

We're almost back at the strong resistance around 1360. I still think that a break of this level would be medium-term bullish. Another failure in this area though, could lead to a similar outcome as in April/May.