Its Now or Never

You can never say never or even say forever.

I tried to make the point that initial moves up often look like ABC corrections when in fact they were making higher double bottoms.

So to remain bullish I think you need to see 1304ish as a base here.

DJIA it is 12,400 NAS 2,800 RUT 750 etc.

So I remain modestly bullish if these levels hold.

If not then anchors away or is that aweigh?

A chart of a 24hr SPX below.

bulls think... 50% retrace.. ok may be 7/8 retrace.. all right..may be double bottom... ok a fake breakdown like a W..do not sell at the worst time.... oh! the hazards of trading.......

I see weekly SPX as between 1293 and 1363 roughly.



Daily is roughly half way or 1328.