Weekly Technical Comments – “Below S&P 1388 invites a move to 1340”

The Swiss team assert that the bear is likely to push this lower and that a continuation to 1340 is the path of least resistance. They sight 1388 as a key level s&p500.  Take note that on today’s sharp spike up we are back over 1388 as i type. If we do push on here Nasdaq appears to offer much.

Rich

Weekly17-04