Back A few weeks ago, when the SPX was at 1411.75 we posted a warning that the market is skidding higher, and will continue. You can SEE THE POST HERE!
And here is the chart we posted back then.
SPX closed 1411.75
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| spx weekly chart |
Today at the 18th of DECEMBER 2012 today we closed at 1440.75...almost 30 points higher! wow! and have posted a comparison chart (weekly) below to show what has happened since.
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| spx weekly chart |
Our guess is that we are headed for 1500 in the next several weeks. It will be something we are looking for, considering what the breadth and market internals are saying. We shall see.
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