Monday, August 2, 2010

Daily Reflection: 08.02


Given that we hit our 1122 target on the S&P. The next expected pullback level would be 1187, however since we traded back at a 50% level of 1085, we have another unfilled target at 1134. The longer term bullish line in the sand will be 1078, bullish above, bearish below.

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