I am pretty confident the move last Friday on Opex confirmed the intermediate top in the S&P. This count appears a little too obvious to me, which makes me nervous. If this count is correct we should see S&P 1000 by the end of next week.
Gold appears to be moving as expected too. I expect 1130 an ounce by the end of next week.
S&P Futures continue to behave reasonably in their multi month channel.
Monday, July 19, 2010
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