SPX update

The SPX is testing the old high at 1344 as I write and its just a matter of days (probably hours) until we will make new ones but the upside is a bit limited right now as we have reached the daily Bollinger bands. The bull campaign runs the last fuel on this sucker rally as even Pimco claims now even more aggressively that this is a big Ponzi scam sponsored by Jet-setting, Peace nobel prize, transparent Obama himself. Anyway we have to run at least another 30 SPX points the next weeks (3-4) as the SPX is now in a weekly 10 count ( 13 is usually the end) since this is a 13 weekly due in a 9 month set up in May, which is a powerful combo for highs.

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~ by behindthematrix on April 26, 2011.

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