BB,
I, too, think that we should see SPX @ 1550 again, but the Naz, after cruising through the 4200 and 4300 resistance lines, is facing the formidable 4450 resistance. Over 4600 the Naz will be free and clear to a new high as the mid March low would be overlapped and therefore will be pronounced A of the completed correction. IMO this is still science fiction.
My guess is next week S&P up, Naz down, and after S&P equals its high (GE equals its high, too) all the market could dive together.
Look at AMZN, the LT horizontal support will not hold another attack, and when it breaks, next support is only $43.
ATG |
