Thursday, September 9, 2010

JP Morgan US Equity Technical Strategist (KRAUSS)

US Equity Technical Strategist: Pauses at the April Down Trendline. Holding the Bull Gap Sets up 1107 Test. The market is set for another test of the 1107 August range breakdown after having held the 1090-1094 Sep 2-3 bull gap. Through 1107 and the 1116 200 day moving average, expect a retest of 1129-1131 August/June highs. Support rests at 1090-1091, 1080/1082, 1076 and then 1065/1055 (Krauss) 

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