SPX Daily Update

Tuesday, December 8, 2009

Hello folks, PH here.
I think the market is still correcting down from recent upside movement.
A price between 1087 and 1095 is, in my opinion, a sweet spot to start taking long positions again (somewhere between a new low and 61,8% level), with a tight stop.
Just don't fight the market and don't try to pick tops.

Best to your trading

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