May 24, 2010

SP 500-Today is the day

           Today is the 21st trading day of the down swing and I still bet on my bullish scenario and expect important low today. As I see DJIA and NASDAQ100 don't give a support to SPX, which is divergence for me as well. At 1047 the 5th of potential "C" will be equal to 1st by length and it is favored point for reversal.

My expectations on daily chart look promise possible huge lateral track for the next few weeks.Of course the day trading will be preferred. 

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