Saturday, 7 May 2011
S&P
signs of weakness but bears not clear yet.The weekly candle was red but not a clear reversal.We are still holding above the important Gann level.On the spy chart we are back flirting with the old highs so need to watch these levels and the moving averages.The dollar may have put a bottom in and commodities saw a lot of action - are the indices next ?
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