Tuesday, June 14, 2011

Short Term Rally Underway

It appears that we have 5 waves up on the 30 minute chart of the SP500 today which targets the 5/25 low of 1312 at a minimum, but possibly as high as 1330, the 61.8% RT of the decline from the May 2 high.  The rally should last 5 to 10 days.

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