~~ SPX ~~ As of 7/9/2008, the short side is closed. Even though I was looking for RST reversal formation, it is a waste time and effort in this market condition. Last market call for SPX was on 5/22/2008 reversal call (ref # 8391).
With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets. Therefore, it is better not to waste of time and effort until we have better market condition after earning report month.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.