Saturday, February 04, 2012

Weekly Charts: SPX weekly

Short term: long target (-23.6%) from Nov Ret reached. May see Ret again.
Long term: bullish project into May.
SPX closed at HOW, if short at the close Fri. Only 1/10 chance, market will gap higher and never look back. 9/10 chance, market will trade lower at some point. 

No comments: