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Monday, December 7, 2009

S and P 500 price levels to watch

Some arm-chair basic price levels. When the market goes lower (sometime in the next 6 months....) these are the price levels to watch from the recent chart pattern.

If the market retreats, I am not so sure we will see any major down correction, probably the slow bleed/wiggle down. I am guessing the over-night surprises will be up, not down, to try to keep bears off their positions. But who knows, SPX 1152 before 1050 is possible.

From WebSufinMurfs FinancialBlog2

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