Checked similar price patterns in past 7 years, and they have seen one more rally before the market corrects 5 to 10%. this makes sense, with the market going sideways up into the election before any correction ensues.
Still holding my sds, woulda, coulda, shoulda sold on yesterdays drop, but planning to sell on next drop and if no drop, then buy on margin if the spx rises above 2160.
Major resistance for sxp at 2160 and 2170, dont think there is any chance it will get higher than that before the next 5 to 10% correction.
INTC after the bell, but ibm and other bad earnings not hutring the market for now.
