SPX daily update

Tuesday, July 21, 2009

Hello friends, phneutral here.

I think that index is going to test or false break 956 points before any significant pullback.

Count, rising wedge formation and RSI divergence suggests that.

Think best strategy may be waiting for that pullback before entering long. On short term perspective, in this moment its not safe to be long in this market.

Best regards



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