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Strategies & Market Trends : Humble1 and Swing Trading Friends
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To: Fintas who wrote (6251)8/20/2011 4:50:02 PM
From: Z-M-L  Read Replies (2) of 41057
 
Fintas,

Next week I am expecting the SPX to break below the August 9th print low of 1101, where many stops were placed during the most recent upswing. Breaching 1101 should set off massive selling to 1088 or perhaps as low as 1060 in the SPX cash. That should be the washout needed to complete this current decline. Then we need to watch how high the next advance gets.

Z-M-L
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