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$SPX - Time to short?

While the world is going to enjoy 2010 World Cup Final between Spain and Netherlands, mode of global investors may be spoilt by possibly next more than 10% correction. Main reason for the short term bearishness is weak rebound in lower volume. The risk of major downturn will be greater when $SPX cannot hold 1000 level. Next major support for $SPX is 800

$SPX medium term

$SPX long term

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This entry was written by banking IT developer, posted on July 11, 2010 at 8:28 am, filed under Technical analysis. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.