Since april breakout over 867, spx made 2 moves higher (930 and 957),,, then corrected down back to the breakout level of 868. A scenario: expect similar behavior again: spx broke higher from 958 and made 2 moves to 1018 and 1056 (or wherever this ends) and then I expect re-test of the 958ish breakout level. These are not exact numbers, just the big brush picture. If that happens, then it will be interesting to see if 958 breaks higher or lower.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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