The situation that we were in the last two weeks might be getting worse. We have failed to produce a higher high on the SPX, and with that I believe the bears will try to bring this market down. We did however produce a lower high at an over head resistance point, which makes me believe a reasonable target on the $SPX would be 1,010. But there is also another scenario on the table, which is a very choppy market between 1,115 and 1,085. I guess we will just have to wait to see how the market plays out.
Posts
No comments:
Post a Comment