Monday, January 7, 2013

monthly support and resistance for Jan 2013

I am looking for this rally to go up the monthly R2 pivot at 1475 by January Opex. on the 18th. Maybe even 1501(MR3). on the down side I see support at 1425 and an gap there. We  have a Bradley turn date on Jan. 20 and another major trend change date on Jan. 29 that will carry us to June 22. Will this rally continue into June or do we fall? The outcome of the Fed meeting on Jan. 29-30 will give us the direction.