I doubt it. The weekly should close above SPX 903.7 tomorrow, or the rally is over. Period. End of story.
That's the weekly 13-EMA on the SPX.
stockcharts.com[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6827005,Y]&pref=G
Next week we may drop early on for Max Pain, but this week's lows should hold, and we should finish higher by the end of next week.
If you think we close below the 13-EMA on the weekly on a Friday, you're saying the rally is over and we're going to do a 50% re-trace on the COMP and NDX and at least a .382 on the SPX.
Go ahead, say it <G>. |
