Monday, November 26, 2012

SPX ~ Intraday ~ 26 November 2012

The SPX hit the 1407ish area which is my preferred target for this rally:

The first target for a short-term correction should be 1390. If we break that, 1373 should be next and if this level is also broken, wave 3 to new lows should be underway. On the other hand, a rally above 1407 should lead to 1430.