Friday, September 3, 2010

S&P 500 ~ Pre-Market Warm-Up 3 September 2010

Wow! The ES is up huuuge this morning, currently trading at 1103!

I posted two scenarios yesterday and it looks like the second one is underway, i.e. that we get a rally as in early July.

Back then, the SPX rallied about 90 points within two weeks. If we apply this to today we get 1130 late next week.