Thursday, November 5, 2009

Resistance for S&P 500 at 1121.44

Warning:  this is research, not investment advice.  You invest at your own risk.

A convincing clearing of 1121.44 will indicate the rally has another leg to run.  Seasonality favors such a move, sentiment probably doesn’t (too bullish).  If not this fall, this winter will see the final topping before the early decennial plunge.


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