Wednesday, February 22, 2012

Stalling At The Median Line

The SP500 is stalling just above the median line for the rally as negative divergences continue to develop.  Failure to reach the upper channel line suggests that a return to the lower channel line or to support at the October high will be the target for a correction.  A break of 1337 should be the first indication that the correction is in progress and a short term top is in.

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