S&P 500 :Short term targets :-1114 ,1102-1085
19 January 2010
From low of 666 this is 11th Month.
-Maximum can rally for another 2 months.
-My Ultimate targets and Major Hurdles are 1178-1235.
Already kissed 1150 level.
-Short term Trend down
-Indicators:
All indicators are overbought and turning down.
RSI (14 periods) indicator:
Making a short term divergent move.
Slow Stochastic:
Topping.
What to expect ?
Break below 1130 will take to 1114 & there after nonstop slide upto 1102-1085 in panic.
-Will have cross /close above 1150 to regain strength.
Updated at 7:06/19th Jan/Baroda
January 28th, 2010 at 10:25 am
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