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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: J_K who wrote (28528)	1/20/2012 9:08:36 AM
From: chartseer	Read Replies (1) \| Respond to of 222285

Not too sure of today never mind August. SPX chart has gone from over sold last August to almost over bought today according to RSI. Meanwhile it has a ton of resistance above these levels according to the PnF chart. Could be a double top in the making. Notice their bullish price objective? 1520.

To: J_K who wrote (28528)	1/20/2012 9:11:03 AM
From: chartseer	Respond to of 222285

Not too sure of today never mind August. SPX chart has gone from over sold last August to almost over bought today according to RSI. Meanwhile it has a ton of resistance above these levels according to the PnF chart. Could be a double top in the making. Notice their bullish price objective? 1520. Charts are always most bullish at the top and most bearish at the bottom.