June 15, 2011: 1277.42 – (the 6/8/2011) low may be visited today.

Greece fears continue, Europe stock market is red and losses about 0.50%, U.S. Stock Futures slide about 0.50%. All of these are telling me that 1277.42 – low (the 6/8/2011 low) may be visited today. Guidelines: If the market open … Continue reading →

June 10, 2011: 1296 resistance seems solid. If SPX cannot break it out today, 1277.42 low can be visited.

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June 10, 2011: 1296 resistance seems solid. If SPX cannot break it out today, 1277.42 low can be visited. Taking into account of poor US economic data and cautious sentiment as well as statistics. I feel that the bears are … Continue reading →

June 06, 2011: SPX is about to meet the 1295.47 support and may bounce up.

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SPX: The third day sell off in a row sent SPX down closer to the support 1295.47. SPX closed at 1300.16. The intraday minute chart showed a dominant selling pressure which sent SPX from its bounce 1297.9-1309.85 back to 1298.69. … Continue reading →

June 03, 2011: A rebound is possible if 1309.8 Fib.50 holds today.

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June 03, 2011: A rebound is possible if 1309.8 Fib.50 holds today.

June 02, 2011: Value and bargain hunters may refrain market from further falling.

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SPX: With the yesterday sell off of the broad market, the Bulls have been knock out by the Bears. SPX closed the day at 1314.66 just an inch above the support level 1312.70. The Bulls may hope to find supports … Continue reading →

June 01, 2011: A pullback in SPX is imminent however it’s size could be limited.

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SPX: The Bulls revealed its strength when pushing the index well above 1342.15 resistance level helping the index closed at 1345.20. This 1345.20 is well above MA50 daily and this result may place an end to the Bearish Trend of … Continue reading →