Hi people
Update to yesterdays S&P 500 chart showing a nice dip to the support level at about the 1090ish level, nice wide spread bar on increased volume, closing well off the bottom showing potential buyers coming back in. Wouldn't be suprised to see a flat start tonight with a late rally to begin the next leg up or just a flat night and the start of a new run next week. That would tie in well with the stoch moving a little more below the overbought area before the next run too. I think we'll see her just bumping along the top for a while now.
Cheers!![]()
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Shanthar Pathmanathan, MD
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