S&P 500 March Rollercoaster to Continue (SDS, UPRO)
There is heavy resistance at 1395 for the S&P 500 going back to 2008. This level is a short term upside target for the index, but the rollercoaster will likely continue to intensify this month, and a cautious approach is prudent.
Nimble short term traders may find this action fun. If rollercoasters are not your idea of a good time, maybe it is best to just stay on the sidelines and watch.
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Yes, hit the target. Now a
Submitted by SC on Tue, 03/13/2012 - 22:33.Yes, hit the target. Now a dip is likely for a few days, and then SPX will probably attempt another run, and maybe overshoot that 1398 a few points. Then, that selloff could be the result next week. Let's see. Thanks
1395 Hit
Submitted by Stockmaster2 on Tue, 03/13/2012 - 20:10.Looks like your target got hit today SC, nice work. Should be interesting to see what happens next.