Tuesday, July 19, 2011

S&P 500 ~ Intraday Update 1 ~ 19 July 2011

My primary target for this second wave was hit yesterday (1295-1300) and since then we've seen a huge rally back to 1320 so I think that the next leg up is underway.

The next resistance level is at 1330-35. A break above it would support my scenario that the next leg up has started.