Tuesday, March 13, 2012

A little more upside...

The end of last week's price action leads me to believe the market in fact still has some more upside remaining in it before any size-able sell off occurs.

The daily chart of the S+P 500 above shows the next projection target to be 1417.58, I now expect the market to hit that target to the upside before at least a 5-10% correction will develop.