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Nov 9th, 2009: Morning Update: Market Surges Ahead

Posted by pugsma on November 9, 2009

A very impressive push by the bulls in early morning action today.  The SP-500 is back at 1085 right at the Mar-Oct rising wedge resistance point that broke down in late Oct.  If it does not turn around shortly and head lower, then my alternate count shown in purple below on the 15-min chart should take over and we are looking new highs on the SP-500 very shortly in the 1100 to 1120 range.

15-min Count:

This entry was posted on November 9, 2009 at 4:28 pm and is filed under SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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