Monday, July 27, 2009

How high will the S&P 500 go?

What a week! I was looking for a big down day that never came. Fortunately, as a day trader, I can take advantage of unpredictable moves in the markets without the emotional stress that holding overnight creates.

Adam Hewison's latest video attempts to explain where we are in the price movement of the S&P 500. Here's his explanation of the video:

With the S&P 500 making new highs and as world equity markets following suit, the question becomes how high can we go?

In this short video on the S&P 500, I outline some mathematical upside target zones that I am looking at for this market.

You can watch the free video here.


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