weds wrap

Well not so much of wrap but a change of header, although thats not even needed these days..

Thought we might have had a bit of follow through after yesterdays bounce, but just goes to show this correction has a little while to play out yet.

SPX triangle forming since the recent highs looks as though it should be resolved shortly by breaking up or down, however I think it may just drop down to support at 1294 and form a right angled pennant. That is the bullish case, which could take another 2 weeks to play out.