Monday, January 10, 2011

S&P 500 ~ Intraday Update 1 ~ 10 January 2011

Good Morning! : )

The SPX opened lower near Friday's low.

I mentioned the similarity of Jan 4th and Jan 7th. On Jan 5th the SPX gapped down and then rallied for the rest of the day. Today we gapped down again, so we may very well rally from here (that would also match my EW count):