Tuesday, June 16, 2009

SPX and recommendations moving forward (June 16, 2009)

Hope you enjoyed my lottery picks, Im sure all picks worked fine...lol

All in all, I am currently neutral about this market. It all depends on whether SPX will stay below 920 for at least 3 days. So I am expecting SPX to trade in the range between 920 - 955 if this sideways action continues. However...if the market suddenly resumes its downtrend my target shall be 896 before we see a bounce.



BNI is nicely set up for another potential trade.

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