09/07/2014

SP500 2 hr 07:40. The index could not reach 989, only 985 then the target on downside is 955. The lowest point so far is 958. Now trading at 967. The road up to the top 989 is still open as long as 955 is holding. The 200 and 100 MA are strongly up and the 8,21 and 50 MA are down. The current R point is 968. If that can be taken and held 976 is the immediate target. If 968 cannot be held a new test of the low might occur.

2 hr.

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