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.
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.
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.
