Oct 9, 2012

Short term update

UPDATE - well no bottoming process just a brief pause and the break bellow 1440 is no a surprise. Now back to the initial idea of a correction in October with targets 1420 or 1395-1400.

Ok that was the easy part - as expected two days later SP500 is in the middle of the 1440-1450 range. Two options - the index will start bottoming process and move higher(this is shown on the chart) or make a brief pause and move bellow support 1440.

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