SPX daily update

Monday, June 7, 2010

Last session defined the trend for the next coming days. The end of wave ii at 110x's suprise me as I expected a test at 112x's during the open market.
If wave ii already finished, I will not expect any decent pullback in the next days and if this happen will be a great opportunity to add shorts until the 109x's area. At short term the bears are in control and the trend follow the downside, so the bulls must be caution .



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