S&P's resistance @ 1325 levels is making other world markets drag.As per our last post NIFTY corrected but came same level today.S&P side its taking support near 1300 levels.Analyst started talking about "GOLD CROSSOVER" already (50 DMA,200 DMA ). Trendline coming from 2nd Mar 2011 high is supporting S&P in short term.A closing below trendline can start 4th wave of Elliott Wave,which can take S&P to 1280-65 levels.Towards upside S&P has target of 1390
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As subscribers know we closed out 5100 PUT on monday itself,now bearish on STER
Disclosure (Positions)
Bought 110 PUT of 95 @ .90 first tgt 1.5-2, second 3.2
You can check charts related to this in my FAN PAGE
www.facebook.com/equdecom
As subscribers know we closed out 5100 PUT on monday itself,now bearish on STER
Disclosure (Positions)
Bought 110 PUT of 95 @ .90 first tgt 1.5-2, second 3.2
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