Wednesday, July 15, 2009
930 S&P Futures is Key to Bearish Case; July 15, 2009
No time to get into detail; but 930 S&P futures (935 cash S&P) needs to hold or the immediate bearish case is most likely broken. A break of that level will make the entire fall the past couple weeks a 3 wave drop and most likely complete. I will not be short at all on a rise above 930 S&P futures. As long as it stays beneath this level, the bearish case is in full force.