Bull Taking A Break Or Tapping Out?
SP-500 Weekly
- Forks Our Telling Us To Be Careful, No Matter If You Are LONG or SHORT
- Rally Could Find Legs Latter This Month BUT Watch The Range
- BEARS Want A Break Below 1161
- Next Support Would Be 1097
- Break Below Both These Levels Could Bring Papa Bear Out!
- BULLS Want 1216 (100 WMA) To Hold
- Next Major Support 1197
- If Neither Hold
- 1161 Is The Line!
- Markets Starting To Break Down Due To:
- Bond Market Not Buying The Bail Out
- Greece Cannot Collect Any Tax's
- Greece Wants To Put Bailout Package To A Vote
- Portugal And Italy Starting To Follow Greece
- I Believe They Will Within 3-6 Months Time (If Not Sooner)
Crazy Ride Ahead - That Much Is For Sure
