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Strategies & Market Trends : STO AV/DB Workshop

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To: SGJ who wrote (34)	4/5/2012 4:24:53 PM
From: SGJ	Read Replies (1) of 93

SPX: Short as of today. Daily has SAR hit and PPO cross. All the MA are still in line though. Any crosses of the 9-13-20 MA down is going to expose the magnitude of this drop. Weekly is starting to show some weakness on the STO array, the RSI is heading down too. This is going to be a correction imo. 1345 SPX is probably a good support that would not affect the Weekly and a bounce there would keep the rally going through the summer. But, if it drops down from there, the next stop would be to 1270 and may extend the downdraft out as late as Oct 12.

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