Thursday, December 6, 2012

12/6 - S&P500 update

I expect the S&P 500 to climb in the coming week and attack the 1,430 resistance area (which also happens to be the higher band resistance area for the Bollinger Bands)... yet I predict that the index will not be able to meaningfully break through and will subsequently fall and re-test the November low near $1,343 (which is also the lower band support for the Bollinger Bands).

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