The collision of global markets and social mood

Tuesday, April 22, 2014

Quick Levels

Awaiting West Coast technical support for the trading computer this morning, so without charts for exact levels. But it feels like 1872.53 should be exceeded today. My indicators were also saying that a pullback is near, even if the level is exceeded. Basically I'm sticking with the scenario put forth yesterday, that a three-wave pullback to the 1760-1780 level could occur.

Europe is up strongly today. So there could be follow through here. Without a pullback, the S&P could instead target the 1897.28 high.

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