Friday, January 7, 2011

Going to need a close below 1262.xx Spx

to get any thing going on the downside.

Wednesday, January 5, 2011

1249 would be trouble.

I don't expect that area on the Spx Wednesday.
Mondays thrust was bullish, yes. Had Tuesday had some following up and pulled back that would have been bearish.
The way I see the price bars, Tuesday was an inside day and bullish enough after a lower open to at least challenge the Monday high.
Like to think the high of week will come Friday am. point 8.

Sunday, January 2, 2011

Pressure building

Pressure building for a move up/down.

Trending model has moved up to 1247.73 with in 10 points of the close.
We stay above 1258 Spx we are alright. A close below 1253 a warning then 1247 a sell.

Personally I think 1283 is to be tested.