watchful wednesday, page-54

Yep agreed that XJO now looking to go up. From here SPX should find support at 1329.8ish (the low after the close on Tuesday (I think it was Tuesday but it is there on the chart anyway)) for a higher double bottom and then another run up to 1338 and we to follow SPX up. SPX 30 minute creeping down to that support then if it does bounce it might put in a head and shoulder to complete. This is just a scenario I will watch for and trade accordingly if it eventuates. The sellers haven't shown up this arvo but there earlier thought they might had our index restrained today.