"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, July 8, 2011

SPX 60 min. chart

If current support holds, the target is 1420. If it fails, the downside limit is 1295 for all to remain healthy. Below that would not be good. Until then, this is just a normal retrace from over bought status.

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