Ping Pong Game.

The s&p got down to the lower support after a trend down day last Friday, and today we bounced and it seems to be holding. Seems to be a bit of a ping pong game the last few days, leading up to the November elections. Looks like Obama is going to get in, I think.

As you can see, the tick data after fridays downwards day was hinting that things were a bit OVERDONE and a bounce was due, and that is what we have so far. There is still some room to move on the upside in the short term!. 

There are other indicators that I share with my VIP clients that is suggesting a NICE move is coming soon. To the upside, or downside???, I will let you be the judge of that, but I like what I am seeing at the moment, and things sure are setting up nicely.



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