Thursday, May 19, 2011

Bullish Pennant about to Break Out on Upside

The bullish 14-15 week cycle is ahead into late May-mid June. SPX is sensing this bullishness now and about to break out of its pennant...

It looks like this 14-15 week move is headed for a 125% or 127.2% advance which is somewhere in the range of SPX 1375-1382 +/-

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