Tuesday, November 6, 2012

S&P 500 ~ Pre-Market ~ 6 November 2012

Elections today - I'm glad when it's finally over...

I slightly changed my medium-term trend: I think as long as we are between 1395 and 1435, we're in neutral territory. If get a break of 1435, I'll turn bullish again and the first target should be the yearly high. Should the SPX breach 1395 though, I'll be bearish again and we could see 1330 next (H&S target (August and November = shoulders, September/October = head)).