25 Jun 2013

It is fitting for a pull back to the 1590 SPX range revisiting the 2007 Highs.  The patterns look corrective.  With the 60min 75ma hovering above the 1600 and a potential reactionary date coming in on June 28th.  I would guess just for speculation sake that the move now till Friday will be sideways to moderately up where it could force a continued trend down by end of the week.  We shall see as the dates approaches. 

Mid-Term: DOWN
Short-Term: UP
(No Trade / Stay on the side / Exit shorts) short-term...