I am looking for a top at around 875 to 880 on the SPX to be followed by either a correction, or another hard selloff to put in a climatic low at around 650.
Too many folks in the Sunday papers are shouting "new bull market" and it's making me very nervous. Having said that the weekly SPX chart is starting to look very bullish, but thats not to say we could do a U turn at 875 and head straight back down to test the lows. Just thinking about the possible scenario's.
The market is out to fool the heard, always has, always will.
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