Don't know about the ema but I think we are likely long until
1187 or maybe even the 1222 area- that's where you should be
expecting a turnaround. With all the hoopla about Jackson
Hole on Friday I'm thinking we'll probably be right at one of those
areas on Friday. I'll be waiting on the sidelines that day.
I really hate surprises.
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Don't know about the ema
SPX 20 EMA
Posted by johnc on 23rd of Aug 2011 at 08:14 pm
Don't know about the ema but I think we are likely long until 1187 or maybe even the 1222 area- that's where you should be expecting a turnaround. With all the hoopla about Jackson Hole on Friday I'm thinking we'll probably be right at one of those areas on Friday. I'll be waiting on the sidelines that day. I really hate surprises.