Monday, August 15, 2011

SP-500 UPDATE

SP-500
  • 1st Resistance Will Come In @ 1224 Range
  • Bulls Are Being Fueled By Talks of QE3
  • If It Break High Above 1224
    • New Target = 1330
  • Will Come Down To Economic Data And Europe
    • Empire Manufacturing Was Very Weak Today At A NEGATIVE 7.70 
      • Showing More Signs of Weakness
  • Home Sales Come Out 8/18
    • Market Is Looking For 4.87 Million Homes Sold
    • Will Be Weaker Then The Market Thinks
  • Europe Meeting Tomorrow
    • Any Negative News Will Send The Markets Much Lower