S&P 500 (SPX) : A Picture Tells A Thousand Words

May 19, ’10 1:49 PM
Author Categories S&P500 Tags

I believe that the chart will tells a thousand words.

Clearly, we can see that SPX is now sitting right at the kumo support.

Any break below of this support, and the support at around 1110 will be a bearish move for the market.

Unless SPX can maintain bullish moves till mid June, I am biased towards the BEARS.

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