Diary of a Financier

SPX Weekend Update: The Bounce

In Capital Markets on Fri 13 Jul 2012 at 18:32

S&P 500 (ES/) Futures charts:

ES daily- major bounce off trendline support of rising wedge, a perfect analogue to 2011.

ES daily/weekly/monthly- rally in brillant accordance with the 2011 analogue.

Week-end closing prices (4:00 est):

SPX= 1356.78
ES/=1351.50

–Romeo

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