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Saturday, December 10, 2011 10:38:51 AM
Chart SPX 30: After this mornings wave pattern session I'm looking for SPX to remain under the previous 1267 high, with a tag of the blue upper fork tine as target. For the options ex week, we will be above max pain at least 17 points and possibly 27 as I'm not sure if 1250 or 1240 is it. So a small first drop followed by a slow retrace would fit with the pain theory while my wave theory is looking for a lower high Monday. The 1200-1210 lower target remains afterward.
$SPX - 30 min Candlesticks
$SPX - 30 min Candlesticks
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