Friday, March 23, 2012

SPX 3-23-12


I am frankly clueless this morning. The close of yesterday had me thinking double-bottom with a rally in store for today but, it appears that rally occurred overnight followed by a whipsaw back down. That said, we are now in the midst of a bounce. Onus is on the bears to turn it downwards again. Support is clear here -- 1382.50 ES must break or buy buy buy.

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