Markets rallied 20% since the SPX 666.79 reversal to SPX 800 resistance. Bearish scenario is that SPX will be trading to near SPX 600 forming wave 5 of 5 of 5 since the bear market started in Oct 2007. I don't see any selling pressure to confirm the scenario yet.
Markets traded to resistances: SPX 800, Qs 30, Nasdaq 1500, DOW 7500.
No comments:
Post a Comment