SP500: Sunrise - Trading Consultant | Securities | Research

Monday 06 Feb 2012

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Tuesday, 07 September 2010 10:31

TRADING STRATEGY
SP500: Sunrise

Summary. We see a new uptrend is unfolding. The ABC correction has completed and now the SPX is rising to a higher level. Short-term price target for the SPX is approximately at 1,158. As long as the daily stochastic slow 8,5,5 is not bearish reversal (Dead Cross), consider having a LONG Buy trade at the hourly chart decline. Only execute BUY order when the hourly stochastic reaches the oversold zone or when it is showing a bullish reversal signal (Golden Cross).

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