Sunday Brief
21 November 2010
21 November 2010
Going into the end of the month my expectations remain the same. With our first daily close over the 20SMA perhaps we can finish the month with another test of 1225, and from there take it to the next level to finish the year.
S&P 500 Daily:
S&P 500 Weekly: Off the March 2009 bottom, the linear regression channel shows we are still within target.
S&P 500 Monthly: Here we can see we are still dealing with the key 61.8% Fibonacci level, if we can get a breakout here, then the next level (on the upside) to watch would be 1360.
VIX 30 Minute: The fear we had on the last pullback has dissipated.
Take care and trade safe...Jason
