Go short July/29/2012 ?

Here's a similar chart as from last week mainly showing RSI resistance, and some possible weakness in coming days again. RSI is again approaching over 60, and I think there are some chances we retrace yet again from here, like we did last time (check old post). I am starting to get SPX spreads, but will initiate more in coming days if we start to curve downwards from this range. If we slow down and create a high base at these levels for atleast 2 days, I may start initiating some bullish positions for the coming weeks.

SPX showing possible RSI resistance

*Please do your own research before buying any stock listed here. Disclaimer.
>> Subscribe to our posts.