toosday tempura trading, page-70

Like the tides going in and out, I just found myself punching out a downside target for the S&P500 here and its 970 which is 1/4 retrace of that rally from 8 July (869) to last night (1003).

That level would hold the uptrend here in a strong position and that would be expected if we were moing up into 180 on 2 September..

I'm guessing it would be a pretty choppy ride for a few weeks if a grind down before a final burst up was in fact the scenario that the future holds.