SPX update

The weekly chart shows we are still in top building mode as we will challenge the resistance around 1380 soon.   Being at a 10 ( max 13) count a close above 1365 at least to make the 11 to bring us to the endgame of this bull-campaign of Bernanke and his masters. With June coming closer markets will be rather more and more nervous which the market does confirm will be trouble soon.Above 1375 get rid of longs above 80 get short but on a timing horizon wait with real shorts for 2 new weekly highs above 1370.

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~ by behindthematrix on May 10, 2011.

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