Friday, June 25, 2010

Bullish Scenario

Just a quick side note, only way the bullish scenario will stay active is a close above 1080 SPX today. Thats a bit over 10 pts from here. Even if we get a close some time next week above that price level it will be too late as the weekly candle will paint the damaged picture.

So bulls have one chance left, though I would not consider it a chance as probabilities are highly weighted against a bull case now.

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