Monday, August 29, 2011

Quick SPX Update

It does not matter that volume is low, or that half the traders are not on the trading floor at NYSE, price is king, it wants to test resistance at 1208 on SPX, for whatever the reasons are. It may double top there, but one should not stand in the way. If double top comes, there will be plenty of time to join the trade on the way down. For now either you are long or out.

No comments:

Post a Comment