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[orange]

Well, unless we drop a whopping ~50SPX points tomorrow, we are going to close above 1298SPX that was predicted 3 weeks ago. 1298SPX was a strong breakout, and the chances we close below it in day 15 were almost zero.

I should have not deviated from the original plan. I unfortunately became more bearish and did not reload any decent longs at 1300SPX after the first rally failed.

I think if we can consolidate nicely here for a few days, we should break to new highs the following week. We are at an important juncture here. We will either consolidate and break to new highs, or fail and return to the bottom of the channel at 1260SPX.

I'll be watching for some decent consolidation before the break north.

http://www.traders-t...?...st&p=584751

Edited by orange, 21 July 2011 - 03:50 PM.