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Thursday, October 7, 2010

SPX Indicator - SPX Mixed Headlines!

SPX will consolidate within 1130 to 1155 range. Strong support at 1130/1124.
SPX short term higher high (1170 to 1180) - First or Final short term market trend TOP? Higher volume buying for consecutive days, SPX will cross 1200 and move towards 1220 to 1250 range (let's stop here and make equities investment decision at this cross road - No one can predict how big the Ben's QE bear market rally effect now).

Stocks trading, watch Friday employment data on SPX direction! Short term trader's market trend, buy on SPX dips on selective laggard blue chip equities.

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