"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, June 17, 2011

SPX 60 minute chart

Initial downside target was 1250 at around the 200 day moving average and the March lows... check.  Market can rally for a while, especially given the sentiment backdrop.  Why not use pathetic Greek situation as ignition? 

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