Thursday, January 20, 2011

S&P 500 ~ Pre-Market Warm-Up ~ 20 January 2011

The SPX hit the 1278ish target area yesterday. We may get a bounce here since we're also at the lower support line:

Should the market decline further though the next stop is the 1260 area and the uptrend likely finished. Below 1260 wave (2) to 1200ish is underway.