Friday, June 17, 2011

SP-500 And USO

SP-500
  • 1275 Acting As Strong Support
  • Break Above 1330 Would Be Bullish
  • Close Below 1260 Would Show Bear Fork Still In Play And 1180 Would Be Next Support, With A Stop At 1250
USO

  • Oil Is In The Bear House
  • Stuck In a Strong Bear Fork
  • $31 Is The Next Support Line
  • More Stimulus Would Turn Bullish On Oil