Wednesday, December 22, 2010

S&P 500 ~ Intraday Update 1 ~ 22 December 2010

The SPX has reached the inverse H&S target (see Monday update) at 1260.

As long as the market doesn't decline below 1240 and more importantly 1233 the uptrend is intact and we could still rally to 1280-1300 by early 2011:



And zoomed out (chart from Dec 16th)