Saturday, August 6, 2011

Update On S&P 500 And XLF (WEEKLY)

SP-500
  • SP-500 Still In Free Fall Mode
  • 200 MDA @ 1160 Will Act As Last Support Before Bottom of The Fork @ 1100
  • Should See Some What of A Bounce Next Week
  • All About Europe
XLF - BANKS
  • Hard Week For The Banks
  • Support Comes In At 12.50 
  • Banks Lead The Market Overall
  • Break Below 12.50 Could Send The XLF To 9.30