Monday, January 7, 2013

13 year head & shoulders topping pattern for 2013?

If the S&P cannot make a new all time high in 2013, then look for a big pullback into 2015. I'm watching the yearly R1 pivot point at 1514 for clues. Also watching the Jan. 29th Bradley Model turn date and a Fed meeting then too. If 1514 is taken out then 1555 is the next major resistance pivot point.