Terry Laundry is expecting a pullback to 1378 "soon".
"As per my last week comment, it is not likely for the new T to get started on a new rally in its right side until the S&P falls back to the 55 Day MA, currently 1378 and rising very slowly.
I will wait for the needed pullback, but once seen, a good buying opportunity should present itself"
http://www.ttheory.com/
friday fiasco, page-79
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