I thought my first level of 1118 would be forced to stop by the market, but it did not happen.
S&P has basically gone sideways today.
Tomorrow's the OpEx day and after 4 days of frustrating the bears and with multiple divergences on 60-min chart, I wonder if it can get rough and nasty or not.
So, I thought the portion earmarked for 1118 could go for a bit higher. So, I bring the top level from 1118 to 1122 or the close whichever happens first.
Other levels stay the same.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago