Sunday, August 1, 2010

We are setting up for a big move

Last weeks high on the S&P futures, was exactly at the Weekly R1 Pivot @1118. This coming weeks WR1 pivot is at 1117 and WS1 is at 1081. The chart shows we are setting up for a BIG MOVE any day now. Since we are trading above the 20dma I have to be bullish short term. A close above 1128 will signal a re-test of this years April's high's. A close below WS1/20dma(1080) and I'll put the bear suit back on.