Monday, November 29, 2010
Broad Market (SPX) Where we at?
Well to review, if SPX loses the support around 1175 off of this bogus looking daily topping pattern, it is going to 1125. As yet, unresolved. But if I were a bear I would be deeply suspicious of the fact that USD is already near 81, Ireland has hat in hand as Europe melts, N. Korea is belligerent, and yet this pig continues to hold 1175.