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


To: Keith Feral who wrote (41466)12/7/2012 2:14:14 PM
From: Venditâ„¢  Respond to of 222652
 
I see some heavy resistance at 13,237 and agree that there is upside in the DOW which may hold true for the $SPX since they tend to mirror one another most of the time. The indicators on the DOW look almost identical to the $SPX.

Each one is in their sell zones so a cycle back down will begin soon but not for several more sessions as long as things stay fairly normal.

Annotations on the chart below should explain what I am seeing.