Sunday, March 28, 2010

SPX: Distribution Patterns

Just a quick chart to share with you but it's one that needs your attention. I am starting to see signs that a pullback on the indexes might be starting maybe even as early as next week. I would be cautious with new longs here. However, i would NOT be too aggressive shorting either. I think a pullback to 1150 on the SPX is very possible and if anything would be a nice buying opportunity as of now. I will be looking for that.

good trading!

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