The S&P 500 respected resistance at 1475 and is testing support at 1430. The Dow displays a similar formation with support at 13300. Breakout below 1430 would complete a double top, warning of a correction. Reversal of 21-day Twiggs Money Flow below zero indicates rising selling pressure. Respect of support is unlikely but would suggest an advance to the upper trend channel.
* Target calculation: 1420 + ( 1420 – 1280 ) = 1560
The very next time I read a blog, Hopefully it doesn’t fail me as much as this one. I mean, Yes, it was my choice to read through, nonetheless I actually thought you would probably have something interesting to talk about. All I hear is a bunch of moaning about something that you can fix if you weren’t too busy searching for attention.