If 910.71 – 911.97 Doesn’t Cap SPX, 921 Is Next

Home / Market Comments / If 910.71 – 911.97 Doesn’t Cap SPX, 921 Is Next
June 24, 2009

I just hope by posting this alone it stops the market. However, these two levels of 910.71 and 911.97 plus the 906.83 tells me, that the upside will be capped in this area. In fact, its now more likely that a touch or kiss has happened and the market has the ability to sell off now since oversold has been relieved.

It really looks like scenario 1 is on the table from last night’s post. I left off the other bit that the market can selloff from that point.


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