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Saturday, June 19, 2010

Weekend outlook!!!

Roy has his week-end update for the SPX out early, and still has the bearish outlook as the most probable scenario, with some levels that would make the SPX start looking bullish, but those levels are still 50+ points away, to the upside, around the 1173 level, however, a break below 1105.50 would be an important event for the bears. Roy sets up a possible trade with that break, and places to set stops. He also sees this entire rally as a collection of over-lapping a-b-c's, where it would be next to impossible to have an impulsive wave that counts out correctly. To view the ten minute clip of the SPX, Click here!!!

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