I am paying particular close attention to GOOG earnings on thursday, and NYX earnings on wednesday. These are 2 stocks vulnerable to a downside surprise.
Although I mostly trade ES intraday, my long-term analysis points to the SP500 around 1050 before 1315. This week is probably going to be indicative of what's to come for 2006 and 2007.
1260? ummmm....... Take this for what it's worth, I have on trusted authority that there is a hard floor at 1275. The same authority says AAPL is sandbagging, so is GOOG. This week tech will do what it's good at, bear hunting...
Care to expand on this long-term analysis. This (1050) is the MOST BEARISH long-term target I've seen for the SPX. Thx
hyperinflation could send all of these to the moon ala the weimar republic. it's inflation defense time. a us dollar paper fortune is going to go nowhere in real terms the us is even about to permit foreign countries print dollars in the event of an avian flu pandemic
It is based of long-term Price/Volume Analysis. I look at the prices that acted first as resistance and later as support in this bull run-up the last 4 years. My target for S&P is 1240, 1140 and 1060. If this ends up being the top and we are in a new bear market, I'm thinking this is what the three down waves will find support. 1240: Definately Happen 1140: Very Likely to happen 1060: Likely to happen.