S&P @YR1

Last Friday, the S&P 500 went right up to the Yearly R1 Pivot, gave it a little Valentine's kiss and is now starting the pullback I have been looking for. How ironic that the 2011 Bradley Model predicted a change in trend during this same time period. Will the crisis in the middle east put a lid on this rally? Will higher gasoline costs slow down the recovery in the USA? and worldwide? Will Saudi Arabia or China be next for protests? There is a lot of uncertainty right now. Wall Street doesn't like uncertainty. Hedge your positions or take some profits off.

Happy Valentine's Day...Will u b my sweetheart?

The Dow Jones tested it's Yearly R1 Pivot(12,263) late last week and the S&P is getting close to it's Yearly R1 Pivot(purple line marked R1) at 1343. Last year, the indexes hit their YR1 pivots in late April and then had a 20% pullback into the July Lows. Again....be very careful up here!!

P.S. the NDX YR1 Pivot is 2404.... look what happened last year at YR1.

Look how much the market fell after hitting YR1 last year.

Plus we have a Major Bradley Model turning date this week

Yearly R1 pivot

I am looking for a test of the Yearly R1 Pivot(purple line marked R1) on the Dow Jones at 12,267 before we start a 10%+ correction. I am NOT looking for new long postions up here. Volume has been going down as the market is going up. That's a warning signal!