Tuesday, June 15, 2010

Rally has accelerated...

The daily Bollinger Bands on the $SPX are at about 1131 right now, at this rate they'll be hit tomorrow...1.272 exponential trendlines are at 1126.62 tomorrow, so we have a couple different resistances close together..Could be that a modified 1.272 Scenario is playing out...we'll see...

By the way 1.5% beyond 1126.62, is 1143.52, so this still could end up topping towards the end of the week...

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