Monday, January 9, 2012

SPX Daily - Monday, Jan 9

@ 4 PM

Still stuck in the sideways pattern.

@ 1 PM

IYR is showing a very nice completed wave pattern. Expecting the indices to look like this soon.

@ 12 Noon

The overall sideways movement since Jan 1 looks corrective, likely to be followed by another impulsive move up.
Unless Jan 1 is already the top.

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