Monday, December 1, 2014

S&P 500 Futures fail @ 2075. Now What?


As I write this, we're right at the 9 dma @ 2060, which is the number I'm using as the pivot.

The 2075 top call proved correct so far and its going to take a Santa Claus rally to get us through that prohibitive level on the long term chart.

If the dip buyers don't step up soon, the target on the downside is 2014.50 (9/19/2014 highs before the last correction).

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