Edited by redfoliage2, 17 March 2011 - 11:35 AM.
ES 1280
Started by
redfoliage2
, Mar 17 2011 11:34 AM
1 reply to this topic
#1
redfoliage2
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Posted 17 March 2011 - 11:34 AM
If it gets above March ES 1280, then look for SPX 1310. A gap up tonite should do it.
#2
arbman
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Posted 17 March 2011 - 06:28 PM
I find further upside highly unlikely as RUT and growth sectors severely lagged today's rally, I would sell fully short anything above or near 1280s at this juncture. The market may give these gains back tomorrow and show that it has support at 1250 with relative strength in RUT and growth issues (NDX, XLK, XLF, XLI, XLY etc), then it is a different talk. Today the entire rally was about the energy and materials (XLE, XLB outperformed). This is just pumping without any progress...
