Wednesday, March 28, 2012

SPX 3-28-12

Whipsaw Wednesday? Market looks a little weak right now but like yesterday, I expect the range to be tight. VWAP STD bracket shows a current range of 1405-1411. Of course some volume at open will likely widen the brackets a bit so who knows. Just call me confused.

Bullish target has to be 1420-1440.

Bears must take out 1403 (10 day),1398 (13 day),1386 (3/23 low and 20 day) to even have me start thinking that a top is in.

Happy trading.

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