.......SPX Should Approach 1044.50 Tomorrow
Based on an important likely SPX (S & P 500, http://bit.ly/i0nsT) Monthly Cycle Low at 1044.50 on Friday 2-5-10 (a very bullish daily white candle occurred, with a very large inverse spike), SPX should approach 1044.50 tomorrow (upcycles tend to begin relatively flat), hence, there's a 1050ish target, see the five day intraday candlestick chart at http://bit.ly/3qGxf3, and, see SPX's bearish intraday candlestick chart at http://bit.ly/12SpXH.
The Exxon Mobil (XOM) and DJUSFN (DJ US Financials) Lead Indicators are pointing to early weakness tomorrow, see http://bit.ly/90I4Mz.
The WMT (Walmart) Lead Indicator complements the XOM/DJUSFN Lead Indicators, since it pointed to a Monthly Cycle Low on Friday 2-5-10, see http://bit.ly/90I4Mz, and, it points to strength tomorrow after likely early weakness.
posted by Joe Ferrazzano at
2:58 PM
4 Comments:
For longer posts I'll use part 1, 2, 3, 4 etc No problema
By
Joe Ferrazzano, at 3:21 PM
FREE Grand Slam Day this Tuesday, 2/9 at Denny's from 6am-2pm!
By
Joe Ferrazzano, at 3:22 PM
I'll be looking to day trade SPY or QQQQ long tomorrow 2-9-10, after likely early SPX/NDX weakness.
By
Joe Ferrazzano, at 3:24 PM
Nothing discussed on this Blog is a recommendation, or, should be construed as investment advice.
By
Joe Ferrazzano, at 3:27 PM
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