Wednesday, February 3, 2010

Bearish Rally Action for SP500

SPX setup for a reversal . When a Bearish Rally Signal is triggered by the CycleAnalysis tool ,we should see at least a little pullback prior any attempt to break the marked bearish rally resistance level. Usually, a resulting rally is a failure. Failure targets 1039 on the SPX with upside to 1114 to 1118 as upside targets.
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