Tuesday, July 5, 2011
Currently Squeeze is indicating a build up of pressure on the 60 minute chart so when it breaks it will probably break swift and hard..
An SPX close above 1347 will break resistance and new highs will most likely continue to be made.
1400.00 SPX is possible.
Below is a long term chart of the SPY.
Today's Harami offers a Bearish reversal if tomorrow confirms with a long black candle.
Posted by Robert Campbell at 15:51