Tuesday, June 30, 2009

MARKET ACTION UPDATE

Price on the SPX rose to exactly 930.01 this morning. This is RIGHT in the zone I highlighted on this AM chart as potential right shoulder, the action immeidately after speaks for itself.

TOO early to draw too much, but it again shows the value of charting and TA and we await the break of the neckline or this shoulder for clues as to near term direction.

D

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