Friday, May 15, 2009

The S& P to 919 ~ 1038 ~ and Beyond ?

Looks like it couldn't hold above 888 most of the day – this was not great news

Now if it trades to 903ish, holds, then breaks 919 - we could be seeing 1038 very soon ~ or not ~ and then its 873 on down to 829

Trading ranges could be inflected along the points shown below:

S&P = N =~ 873 (878 883) 888 (893 898) 903 (908 913) ~ 919

So that’s the S&P for now