Still think we've got to get to 4200 but a sell off today to encourage bears and then reversal tomorrow or Wednesday to foil their plans makes sense. Wednesday is CPI in the morning again.
1.618 extension on spx is 4212, I think we get there this week. Oil should bounce as well to the 92-94 level.
1.618 extension on spx is 4212, I think we get there this week. Oil should bounce as well to the 92-94 level.
Comment:
So far playing out, if the pattern is true, it should be done by tomorrow or early wednesday after CPI. Then to 4200 area for last hurrah.
