After the close, The SPX is going to squeak out ever last bit of morsel on that blue line of resistance. A long week where the SPX has slowly forged higher, but only has gained 10 points over the high of LAST week at 1157.18, on Oct. 30th. At this rate of advancement and with the indicators over-bought, the rewards, just are not worth the risk off a large sell-off. 10 SPX points over the last seven trading days is not much reward!!!!Please think about making a donation this month, I very seldom ask, but this month it really is important if you can help out :)
More charts and comments when things get updated this afternoon, and dont miss the week-end post.
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