Wednesday, October 12, 2011

EKG of A Crash - Update

As I stand here awkwardly dancing with Elaine in the corner, I thought I might check in on the EKG of a Crash analog from a few weeks back. 

The market remains consistent with overextending itself on the topside of the analog, while tightly following the bottom of the range. If the market continues to follow script - the SPX should revert back to ~ 1175 over the coming sessions. 

* This chart was created intraday ~ 2:00 EST.