Thursday, June 24, 2010

SP500 technicals M.Krauss JP Morgan $SPX

SP500 technicals (Krauss) – Short term tone remains weak following Monday’s bearish outside day.  Interim advance would resume above 1106/1112. Below 1077/1072, bears take the agenda looking to retest the 1045-1041 lows. Friday close below 1117.51 would confirm a bearish reversal week

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