Surpassed my ideal target area between 1,289 - 1,291 by a small amount. As the top has been 1,295.98. A break below minor support at 1,278 would be first indication that a top is in place, while a break below 1,261.87 confirms the top for a decline towards at least 1,174. I still belive that this decline could be pretty violent and deep.Thursday, January 20, 2011
S&P 500 - Top in place?
Surpassed my ideal target area between 1,289 - 1,291 by a small amount. As the top has been 1,295.98. A break below minor support at 1,278 would be first indication that a top is in place, while a break below 1,261.87 confirms the top for a decline towards at least 1,174. I still belive that this decline could be pretty violent and deep.
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