While we didn’t crash on Friday, the sell off was still nice… for the bears of course!
(to watch on youtube: http://www.youtube.com/watch?v=I8_sE5EVuU8)
What’s next? Will we resume the uptrend or break the current support and put in another RED week? That’s a tough one to answer of course, so I’ll just cover both cases and see which on plays out.
On the Bullish Side:
The move up from the 1250 spx area back in March of 2010 could be viewed as a 5 wave pattern move… meaning one
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