Thursday, March 7, 2013

We are still expecting a small pull back at this point to test the recent support level of 1,527 - 1,530 on $SPX.

Either a gap down at the opening, which will likely be filled and then eventually move higher, or a gap up which will be sold off.

A close below the recent 1,512 on the $SPX  or  14,030 on the DOW will invalidate our scenario.

Next target: Test support

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