As mentioned in yesterday's comment, the sharp rally has signalled the bottom of the "double-three" correctional pattern that has been in place since late November. ( A-B-C-X-A-B-C ). The confirmation of the low will be a close above the 1447.95 level today. Should this occur, it would suggest that the market will enter 5 to 8 day rally. The target for this 5 to 8 day patter is the 1461.20/1464.35 levels. The intermediate pattern suggests the market should reach a minimum of 1478/1491 in the next 4 to 6 weeks.
THANK YOU BEN!!! OVERNIGHT LONG FEELS GOOD WITH YOU RUNNING THE SHIP!!! CONGRATS AGAIN TO EVERYBODY PLAYING THE FREE $$$ FOR EVERYONE GAME!!!
all you dipster haters.... please tell me where is the risk if everytime the market sells of it just goes right back to new highs????