AI
Wednesday, February 01, 2012 1:11:41 PM
Hi Bob
This market is acting like it wants to melt to the upside?
Very Bullish action if you ask me. The SPX Weekly chart is reflecting all this pretty well, the falling R-line is broken and back tested and the only thing missing is a higher high. If that doesn't come today, I believe it will tomorrow, a new high above 1333.47 that is. The target after that is 1347 high late July '11 and then the 1356 high early July '11.
This market is acting like it wants to melt to the upside?
Very Bullish action if you ask me. The SPX Weekly chart is reflecting all this pretty well, the falling R-line is broken and back tested and the only thing missing is a higher high. If that doesn't come today, I believe it will tomorrow, a new high above 1333.47 that is. The target after that is 1347 high late July '11 and then the 1356 high early July '11.
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