S+P 500 update

The broader market has been rattled by Euro news once again, it looks like a replay of last year all over again.

What I am anticipating over the next couple of months is a bull market correction to the 1290-80 level on the S+P shown on the chart above.

In either case I still believe the up trend is intact and that once this low somewhere around 1290-80 takes place over the next month or so, the bull market will resume and make new highs above 1422.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s