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Saturday, April 13, 2013

What Next for the $SPX 500 ? Rally to Continue Or is it running out of Steam ? Trading Strategy for the Week Ahead : 15 APR 2013

BEST BUY & SUPP FOR THE WEEK IS @ 1562 ACTUAL RESIS & BEST SHORT LEVEL @ 1574 (CURRENT SUPP) A BREAK ABOVE 1586 UPSIDE TGT IS @ 1612 - 1642 , HOWEVER A CRACK BELOW 1550 DOWNSIDE TGT IS @ 1524 - 1512 

 TREND

 Daily trend looks bearish - towards tgt 1574 - 1562 

Weekly trend -  firm bullish - rally expected for tgt 1612 - 1642

Monthly trend signals no more room left for upside time being - So lets call it sell @ 1642 for tgt 1546 - 1516 & 1488 - 1456


STRATEGY 

AS DAILY TREND INDICATES BEARISH WE  EXPECT PRICES TO TEST 1574 - 1562 IN THE EARLY WEEK , CONSOLIDATE , TAKE SUPP @ 1562 LEVELS & SHARP RALLY TOWARDS 1612 - 1642 LATELY AS WEEKLY TREND HAS POTENTIAL FOR UPSIDE SWING , FOLLOWED BY MONTHLY TREND - SIGNALS - MOMENTUM IS RUNNING OUT OF STEAM & TECHNICAL CORRECTION IS NECESSARY WHERE 1642 #CallTheTop - AND PRICES WILL PUSH LOWER TOWARDS  1516 - 1488 - 1456

LTP - 1582.45


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