Jon's CHARTS

[jon_e_og]

this week will be key.... S&P still bearish medium term(2 to 6 months) IMO, until it breaks the descending ress. line off the last 2 highs , its upper boli band, and the ascending wedge thats been forming with some serious volume and conviction we should head lower... below 1200.00, possibly the 1185.00 area

in the short term we have a bullish attempt here that should test key resistance and open up some good shorts, may want to hold a contract for a swing from 124000 to 120500 area(123600 to 120100/120300 in cash market)....