Friday, November 12, 2010

60 Minute SPX Analysis

Here is a 60 minute chart of the SPX: Tomorrow's open is likely to test some support levels. This is a good chart to watch going forward.

Personally i'd love to see a 3-5% drop from SPX 1230 high. Watch this chart going forward as it lays out clear zones of support. I do not believe the rally is over but i do believe the bull's cage NEEDS to be rattled and infuse some much needed fear back into the market to clear the path for a year end santa rally.

Good luck trading em tomorrow guys!

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