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Ron Jaenisch on Is This The Market Top For A While? is this the market top for a while?
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S&P At Important Point
As you can see on the chart below the market has been moving nicely between the Babson lines and often reversing at the Babson lines drawn. Today prices exceeded yesterdays highs by a tad and now are ready to drop or pop.(click to enlarge)
Dow Putting On Bathing Suit.
The Dow and other indices appear ready to take out the prior lows set this week. This will give those looking for bargins more opportunities.
SPY Going Down The Babson Trading Profit Ladder
Down the ladder she goes
(click to enlarge)