S&P500 Market Update – 08-31-12

US Stock Market: Move stops on short positions on S&P500 to either breakeven of 1404.50 for low capitalized traders, or to 1407.40 for well margined traders.  If stopped out, we will likely recommend a short below yesterday's low of 1395.13, with a stop loss of 1405. See the chart with the complete forecast below:

sp500 daily chart with analysis

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