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techcharter

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techcharter

Re: techcharter post# 45707

Friday, 07/22/2011 1:15:45 PM

Friday, July 22, 2011 1:15:45 PM

Post# of 51804
SPX intraday: small wave 4-5's

The morning opened lower into the end of a wave 4. Since then the index found support along the lower uptrend line, and is still moving up nicely in the channel. There are a couple degrees of waves 4-5 to unfold. Maybe a sharp end of the day rally. upside target 1360 before a larger pullback. Don't hold anything over the weekend as there is little upside left in this multiday rally, and the larger rally off the June 2011 lows.
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