Sunday, January 8, 2012

Full moon this week

Look for a possible full moon reversal this week to 1243(monthly pivot) on the S&P. The monthly R1 pivot (MR1=1284) was resistance last week. If we do close over MR1(1284) then next res is 1310(MR2)-1314(Demark hi). As long as the Yearly Pivot(1234) holds, I'm bullish into March opex(3/16).