Tuesday, April 5, 2011

S&P 500 ~ Pre-Market Warm-Up ~ 5 April 2011

The market didn't really go anywhere yesterday. We're still inside the rising wedge and above 1325 so we may still see one more wave up.

If we get a convincing break of 1325ish I think wave 2 is underway. First short-term target should be the gap at 1319. Next targets are 1305-09 and 1300ish.