As stated in our forecast published last night, the medium-term longs had a stop based on the S&P 500 index hitting 2765 (index low registered today so far is at 2763.59), which got hit sometime back and the models are out of the long position with some decent profits (entered at 2754 as you can (more…)
Looks Like the Bulls – While Still Strong – are Feeling Tired… Thursday’s action in S&P 500 is noteworthy since it approached but failed to pierce two important levels – the day’s high at 2779.90 just fell short of taking out our proprietary key level of 2780, and the day’s low at 2760.16 just fell (more…)
