Wednesday, July 15, 2009

15/09/2009 after market

Wohoo, what a day. S&P future is above 930. As mentioned yesterday, this is way more than i expected. Short term downtrend is more than over, The market is in the trading range(880-955) again. With the current momentum, it is likely to test the highs, but with the low volumes we have, I dont think it will break the resistance at 970. I stay neutral for the coming months and STILL bearish for the long term.

No comments:

Post a Comment