FOOT..Welcome back..Hope you get healed up over the weekend..Just go lay in the sun..We are basking in brilliant sunshine at around 30 degrees...Anyway the signal for the move down to 1220..and your 1206 will be when CCI60 crosses zero on the Monthly chart..So it will be easy to know if it is going to happen..I think it is..but we may have a Fed bounce to wait out too.. <img src="http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=7&mn=0&dy=0&i=p89033894820&a=86663108&r=6135">
After my analysis with inidcators, I have to side with NM. The bulls are not dead yet. If it closes above OEX 627 we are back in business. Other indicators are saying we are about to turn.