Plan A expects the SPX to make a high near 1115-20 either on Tuesday and then decline all week, or on Friday if a mid week pull back holds above 1085.
Plan B has the SPX breaking above 1120 and heading for 1130 by Friday.
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what I understand Astrocycle this week is:
Plan A means we are likely have a V shape week with the low near Wednesday's close.
Plan B means mkt continue doing intra-day pull backs to solve overbought conditions, while continue close higher towards 1130 major resistance target.
this month has two important date: 9/8 and 9/23
China will release eco data on our 9/9 night, Import/Export data from China is watched by many commodity traders
If China data shows no slow down, then 1040 is not going to break, so range trading with upside bias is what we shall follow.
发表于 2010-9-6 10:59
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