Thursday, September 9, 2010

Compression week working

Compression week is working as the tight range is getting ready to bust out, as I start to get over bought
Lets put some numbers on this. Resistance at 1105 still holding.
Spx 1105 we rally, 1090 we test lower.
Longer term to see how important this R line @ 1105 really is,is this chart of the SPX market. We test the lower line again it won't be friendly.



Click chart to enlarge..................................

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