Wednesday, March 16, 2011

$SPX - Medium Term

The 1352 calculated target still makes sense to me.  I think $SPX rallies up to 1300 in the short term.  I anticipate that we will see a bottom ~ 1232 in the next week or two. 

The market should consolidate at lower levels for a period of time as it sets up to rally sharply.  A surprisingly strong rally should follow to the calculated target at 1352. 

2-Hour Chart


  1. I would love it if you could draw a chart on gold or silver

  2. you do have a gift with making these road maps.

  3. Thanks. Let me see if I can put a chart up on gold/silver. It might be a few days.