S&P 500 IndexShort
S&P to continue to yo-yo in limited range
S&P dropped predictably to1996 today and then swung back up to 2003. My projected downswing Line C now moves another step to the east. I expect a mini peak at 2005, when it will bounce off Resistance Line B and move back towards 1996 again. At some such downswing I expect it to break through Support Line A and give is a real downswing.
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