Wednesday, June 08, 2011

SPX FAN LINES. 1249 SUPPORT IN VIEW. AM SET UP

Looks like futes point to 1284 giving way....I just don't see anything until 1249 area...of any substance to HOLD the decline...a stab here or there don't cut it....1249 more likely IMHO. Europe weak overnight...if rebound of some kind on am gap down....we will see 1249 in next week or so....before ANY summer rally IMHO.....MOST successive weeks of RED WEEKLY VOLUME BARS since 2009 lows.

Duratek

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