Wednesday, January 26, 2011

S&P 500 ~ Intraday Update 1 ~ 26 January 2011

Put your Dow 12000 hats on and keep your SPX 1300 hats ready : )

Didn't think that we'll see a channel break out before the FED nonsense to be honest.

But we got a nice gap up and a channel retest this morning:

So, what now? Another spike higher after the meeting or a sell-off?
I don't know.. let's see what happens ; )