Saturday, May 26, 2007

Going higher ?

Over the last months the indices have been waiting for brief declines of no more than few days to reach new highs. On Thursday the SP500 was 1% sold off but on Friday we surprisingly or not , recovered a bit and hidden positive divergence has been taken place and can be seen in NASDAQ 100 and SP500. Although we are at the supply zone in SP500 - watch for more upside bias in the next week. Looks like the bulls want to push it one more time higher.



















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