I think a pull back to 900 is a possible buy based on current price action. my assumtion is with the recent selling people are going to want to put money into the market after todays holiday. i have various support levels in the 900 area however if we break 900 i see an easy short to 888-882 level with consolidation. Whats everyones opinion?
I think a daily chart would be the best chart to look at in order to speculate whether the market will be up tomorrow or not.
On the daily in Nov. we have 2 red daily bars (11/5, 11/6) followed by a rally up to the 10 day moving avg. Now todays action we finish almost identical to the previous 2 red dailys with todays red day closing mid way (possible hammer?) . So if history repeats we shall see a green day.
bullish harami candle indicates sp500 1200 by year end, most reliable indicator i've ever used in my life.
I use the Miyagi method myself: http://www.youtube.com/watch?v=maBvSZRUJhU&feature=related It says wax on, wax off, market up, market down...