I’m not going to do a big post tonight only because…a picture is worth a thousand words….
My next pivot point is slated for the week after the presidents day long weekend, target 1520 – 1530.
The momentum indicator is going into the overbought area.
The S&P500 price is in a corrective wave from 2009 inside a declining channel.
I understand that a declining channel is bullish when the price breaks resistance, however, I never mess with the wedge.