Monday, April 18, 2011


It looks like the market will be making new correction lows tomorrow based on the current action in the futures. Even so, the previously stated levels should hold, i.e. 1280 to 1288 in the cash SP500 and 1284 to 1288 in the futures.  If those levels fail, then all bets are off with respect to a near term bullish outcome.

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