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| S&P 500 - EOW Analysis - Week 02-13 Jan 2012. |
The last post on this topic anticipated correctly, that the space around the weekly channel top is where the action would be centered - See arrow. We have a green candle hedged by two lines, the week's channel top and the month's channel bottom. Resolution would invoke one of them giving way. The S&P is in an oversold and Bullish state right now. The month targets remain relevant.
