It appears that we may be in for a “pop-n-drop” move this morning as
an effort is made to kick the market higher. However, it appears that
Intermediate-term resistance at 1494.11 and/or Cycle Bottom
resistance at 1495.62 may hold and propel SPX lower.
If that is the case, there is a good argument for SPX dropping to 1460 or lower before a more significant bounce develops.
Regards,
Tony
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If that is the case, there is a good argument for SPX dropping to 1460 or lower before a more significant bounce develops.
Regards,
Tony
Our Investment Advisor Registration is on the Web
We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.
If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at tpi@thepracticalinvestor.com .
Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com