Monday, June 18, 2012

S&P resistance close at 1350

The S&P has rallied the past 2 weeks off the monthly S1 pivot point. The 50 day moving average above and open gap at 1350 should put a lid on the rally this week. Financial Astrology is calling for a market meltdown sometime in the next 2 weeks before a July rally starts. Some are calling for a drop to 1150-1200. Caution is the word for the next 2 weeks!