Another Technical Bounce Of My Targets

June 23rd, 2009

Interesting day right? Wrong! Completely boring once again. It’s like the market is teasing us with huge moves then a week of sideways action. But, we have to be patient right. I think in general everyone is waiting for the FOMC meeting announcement tomorrow before placing some major bets.

 

Anyways, it was interesting to see once again that the S&P bounced off of my technical target at 890 this morning. Amazing how these levels continue to work out.

 

spx21

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