SPX Critical Level of 1391.25 to be tested this week.

SP:SPX   S&P 500 Index
329 0 0
Critical Level to hold 1391.25
Otherwise we will see a breakdown
out of this channel.
With a highly likely pullback
to the 1200's and lower. (1144)
Only then would QE3 be likely.
Personally, I think we will hold
the 1391 level and trade up towards
1450 again.
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