As long as the market doesn't decline below 1240 and more importantly 1233 the uptrend is intact and we could still rally to 1280-1300 by early 2011:
And zoomed out (chart from Dec 16th)
Wednesday, December 22, 2010
S&P 500 ~ Intraday Update 1 ~ 22 December 2010
The SPX has reached the inverse H&S target (see Monday update) at 1260.
As long as the market doesn't decline below 1240 and more importantly 1233 the uptrend is intact and we could still rally to 1280-1300 by early 2011:
And zoomed out (chart from Dec 16th)
As long as the market doesn't decline below 1240 and more importantly 1233 the uptrend is intact and we could still rally to 1280-1300 by early 2011:
And zoomed out (chart from Dec 16th)
