Thursday, April 2, 2009

Watch and Wait

US equities are expected to open stongly this morning on news coming out of the G20. Don't get too excited. Notes from March 30 post:
Keep longs and hedges in place and watch the floor of ~800 on the S&P.  The Fib. from the January 944 top would suggest support levels of 805 and 773 and resistance of 838.
S&P 500: 811

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