- Had been previously mindful of possibility of the weekly chart forming a SHS top with right shoulder at 1344. This latest bout of strength makes that scenario less likely now.
- Monthly : Strong uptrend, even through the selloff to 1258.
- Weekly : as above.
- Risk On. Look out for new highs above 1371.
- Nothing in this directly, but positioned Risk On elsewhere.
08 July 2011
S&P500 : Weekly SHS Looking Unlikely
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