Friday, July 27, 2012

S&P 500 ~ EOD Update ~ 27 July 2012

Another huge rally today. We're back at the upper trendline and near my target at 1390ish.

If the market continues its behavior of the last few weeks, we should form a top around this level and then decline back to the lower trendline again. But we'll see what happens next week.

Have a very nice weekend!