"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

Monday, September 27, 2010

SPX - Former resistance now support

Bears might wait for 1130 - or better yet, the SMA 200 - to be taken out if they don't like the risk profile here.  Cause this is not bearish, even though the broad US market is lame compared to some global and commodity markets.