Looking at the S&P 500 it seems that the indicies are still holding well. They are still coiling and we will need to break the 1460 level to regain some strength. There is a possibility we might see some rallying into the end of week. There are no guarantees, but that would give the bulls a bit more encouragement, and our targets up higher would then not be that far off.
The Russell has already coiled and the bulls came back strong by the close today, so it may be a tell tail sign that the S&P is about to do the same. The russell even though not a leader of the markets, can preceed the S&P so the next few days will be interesting.
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