Monday, December 5, 2011

S&P 500 ~ EOD Update ~ 5 December 2011

The SPX opened higher, rallied to the resistance area around 1265, which I mentioned as a possible target for wave [a]/[i], and then sold off:

Nothing has changed: I still think that we could see a (sideways?) correction early December. If 1265ish breaks though then we could go much higher.