Monday, June 15, 2009

$SPX closes in on probable end of rally...

Although the rally in the markets are not yet 'over', they are getting a lot closer. The bottom picture shows that we are approaching a major crossover, and a .500 node on the larger scale, and at the second order level, we are seeing .500 nodes will start showing up in about a week, so there are several 'landmines' along the way from here to the bradley date on 7/15/09. Roughly we have about a 3 week window where this index could fail...The crossover on the $SPX is scheduled for 6/30/09.

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