lowtrade

[lowtrade]

SPX up date

Link back

Looks like we're seeing the throwback stage of the "V" bottom pattern at the S&P now. I did a video on the subject back in FEB.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97598180

In my last SPX up date, I went out on a limb and said I doubt it would continue past 1990. Just like most "V" bottom do. Momentum took it to 2002/3 area. Today came the start of the pattern throw back. When it retraces to "V" bottom target line 1990 +/-, again.

So it seems my limb will NOT break and make me fall on my face.

Here's what to expect in the future on the S&P.


As the chart looks like this now;

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p98673369485