Hi there!
The S&P has bounce a little from the touch in the 50 EMA on 23/06. Now is approaching tough resistence at 930 level. It looks like an head and shoulders topping formation is in process with the right shoulder top forming in the next days. Only time will tell but if the market fail to break up the June highs and confirm the H&S we probablly see some heavy selling till the levels 880 first and next the 800/813. If the market take the June highs the next target will be around 1000 on the S&P!
Swing it!
