More details on the chart itself.
Prior analysis for SP500 on May-09 is available here. Market is unfolding so far as per analysis i.e., formed 2 legged ABC correction into long zone as mentioned in prior post. Currently environment is bit tricky i.e., environment is news driven (Greece...), forming Head_n_Shoulders pattern and bearish in general. On other hand, the market is in uptrend and in a spot that meets my method criteria for going long. Trends often persist with non believers as fuel till it reverses. May be a smaller position?
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