The New CS Board

[ahimsak]

major support between 1485 and 1495 for spx. Fed still pumping, economic news still positive, my gut is we dont drop more than 3%, then another rally up to new highs, and that is the top.

check the top in March of last year for a price pattern like that, where the first drop held at previous lows, then another big rally.

Of course, this time could be different, and we have a 5% correction first, like the pattern in the top for feb 2011.