Well, here is what we are up against here on this SPX. I correctly predicted we'd test Thursday's high today. What I want you to see tonight is what is implied by where we are on the SPX price chart. Below is the SPX chart from Mar/Apr 2000, the all-time highs of the SPX. Couple things, we fell cents short of breaking the high from 3/23/00 a few days ago. Looking at the activity that happened on 3/24/00 - after we got over this 1532.50(3/23/00) we went into a full-scale price rejection...
And we might just see that again as soon as tomorrow...
Edited by SemiBizz, 30 May 2007 - 09:38 PM.
