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S&P500 and some important geometries

The market is clearly over extended and overbought, which could mean a short term sharp correction similar to the one in November is due. However in medium term the resistance I am looking for is about 60 points above 1300. There are three important geometries clustered in that spot. First one is the 1:1 extension of the up wave that started in late August 2010 and ended in early November. Second geometry is the 2,618 extension of wave I that started in July 2010. Finally the third geometry is the 76,4% Fibonacci retracement of the bear market. They are all gathered around the 1360 level which is still almost 5% from current levels. Too early to short this market, except for some very short term plays perhaps if it fails to break the 1300 level again. Be on the lookout cause the volume is light, yields are much higher than in November and market is not pulling back at all. Correction will be sharp and aggressive.