Wednesday, April 4, 2012

S&P 500 ~ Intraday Update ~ 4 April 2012

The SPX is approaching the strong support at 1390ish. Let's see if it holds:

Maybe you've noticed it too: The past three weeks the pattern has always been the same:

- Rally on Monday
- Top late Monday/early Tuesday
- Sell-off Tuesday through Thursday
- Bottom on Thursday/early Friday
- Rally into the weekend

Since tomorrow is Thursday and we're near support we could see a bottom tomorrow and then an Easter rally.