Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.

Friday, May 6, 2011

SPX Testing Its Major Support 1330

US benchmark index S&P 500(SPX) retraced to its major support 1330, dropped 12 points. Below picture is what I think SPX would work out, it will rebound and reach target 1420, I am bullish as long as SPX don't fall below mid March low 1250.

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