S&P 500 close = 1103.25
Long-term trend = L
Short-term trend = S
Intermediate (SWING) trend = S (12/7/09)
Intermediate (SWING) position = NONE (purchase price = $0)
Intermediate (SWING) stop loss level = NONE
(click on link on the right to see 'swing trade performance')
(ALL OF THE ABOVE ARE SUBJECT TO CHANGE INTRADAY)
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Markets are in a totally non-trending phase. This is a good time for a trend trader like me to stay out of the market. It is very hard to find an edge in this kind of a market. Although, the short term support was broken today at 1106, I am a little hesitant to even call it a new short-term trend. Will watch for now until markets find direction.
Levels to watch for tomorrow:
1110 - resistance
1096-1098 - support
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