Well folks we continued the bounce into the first week of the new year. This is not surprising as you will see in the chart below we bounced right ON the 200 weekly Moving Average which is longggg term support. After being pressed down daily, and puking on Christmas Ever, SPX has bounced right back to resistance st 2535ish.
So i know what you want to know…Now What??
Well 2680 is going to be MONSTER tough to get through. Like I said last week, considering my 401k is long only, I bailed due to the risk that is down in the intermediate
Add your Scripsio!
Comments