It has been a while since I last posted anything, since I have been giving my self a fairly descent length vacation until this Wednesday the 23rd. So there’s plenty of articles that I have to catch up on reading. So based on technicals only… The market looks to be heading into one MAJOR resistance, dating back to when this whole crisis around the market’s peak in October 2007. Since the trendline was formed, the market has been responding to it with full conviction. If the market is to remain strong I am expecting the market to pull back to 1043 before it resumes and attempts to break that trendline again. If that 1043 level fails than 1020 is my next target.
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