Wednesday, January 20, 2010


Basically its a repeat of the Sunday forecast. Looking for SPY to reach the 62%-78% area (114.31-114.67) and then a downturn from there.
VIX painted another shooting star. SPY should move up at least in the morning, maybe into Friday also. Then I expect a selloff.
BPSPX:CPC 's 20ma looks to be flattening out. I would not expect a cross of the 50ma until the first Minute 3 down.
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