Wednesday, August 3, 2011

Goldman Sachs on $SPX, $SPY

S&P – Closes below the neckline of its H&S top and the associated confirmation points. This gives a downside target of 1,145 with interim supports to watch for any signs of an earlier base being the potential ABC equality target from the 2nd May high at 1,244 and the interim high from 26th April ’10 at 1,220.

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