tony ... I do not see any incredible rally like the one late last yr .... whats your best case / worst case for the SP500 into dec 31 st?
Hi seth, No I don't see a 2004 scenario, that's done and gone, only one to a customer in a bull market. Worse case? I'd say a retest of the April lows, but that's highly unlikely...1190 is much more likely, worse case maybe 1180. Best case? we put in a bottom this week, and rally right into January...can see 20+% gain Based on my technicals, the risk/reward here is very good...
Charles! It's a good day to put this indicator to the test? We'll likely open in the upper end of your resistance range Let's see how it develops! Tony