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Thursday, August 16, 2012

$SPX: Near 1,415.32. First of 2, super ressistances.


$INDU vs $TRAN: New high for $INDU but not for $TRAN


$SPX: Ressistances and supports. Count continue in place.


Our supprts and ressistances continue in place and the SPX is the one that moves with the interaction of 500 stocks and SPY is an ETF from SPX. We have posted before that SPY broke the HS neckline one day before SPX and we have posted charts of SPX,SPY and $ES_F showing that they are not 100% correlated. What happen a few minutes ago, with SPY is a lost battle for the bears but not the war. We are going to be more cautelous from now on.

$SPY: Tug of war area of last? battle bulls vs bears.











  1. Perutrader
    $SPY: Tug of war is: bulls have to beat 141.48 and bears have to beat 141.29// each min, odds favor bears
  2. Perutrader
    $SPY: Tug of war is: bulls have to beat 141.48 and bears have to beat 141.29