Monday, May 10, 2010

May 10th, 2010

Like I said earlier last week the market will trace back up.

S&P 500 could retrace back up to 1180. There is a gap around 1200 area.

If it ever does retrace these two targets, then it could retrace back down to today morning huge gap.

The VIX was overextended last Friday. It is retracing back down below 30.

1 comment: