Where will S&P close Q1, 2010 ?
Posted by trywalker / 9:32 a.m. @ Hong KongDec 21
S&P broke the bullish trend channel at 1112 in October, 2008 and touched to 666 in March, 2009. Since then, with global recovery theme in place, the index managed to retrace 50% of the drop and seems to be struggling break the horizontal resistance at 1114 despite a high print of 1119 this month.
Question is: Where will S&P close Q1, 2010 ? will it be testing 1450 or 775 ?
( spot ref. 1102 on 18/12/2009 close)
Please feel free to send over your precise levels according to your view.
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