Jun 22, 2008
SPX support tested and broken, next week is going to be interesting

 

Critical support of 1329 broken on the S&P 500, next major support will be 1298.

Oil rebounded after yesterday's sell off as geopolitical rumors circled on wall street.

Now when everyone says oil is going to go up up up, i'll say oil is coming down in the near term. The mega money will be pulled out from commodities and waiting to go into the stock market.

Lets see what happens on monday, i'm feeling a rise in the markets real soon.

 

 

Posted at 04:02 pm by kohsijie

 

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