SP500 Review

By: readtheticker | Tue, Oct 4, 2011
Print Email
S&P500 Review

The SP500 has been moving sideways for several weeks, is the pattern re distribution that will be followed by a deathly plunge down to 1000, or is it accumulation and a strong new rally will emerge.

As of today (before Euro Tarp) it still very very bearish, there has been NO signs of strength. No serious buying is occurring. Any punch up in price is just short covering (or automatic rally) to bank profits.

Don't you get the feeling that the big boys expect lower prices in Oct 2011, and are not really interested until SPY 100 or SP500 1000 is printed.





Author: readtheticker


We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2017 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com