A few weeks ago I wrote an article on ADVFN:
http://uk.advfn.com/newspaper/thierry-laduguie/34356/earnings-give-a-push-to-the-s-amp-p-500
I was expecting a short term rally followed by a decline over a longer period of time. I said "we have now turned bearish with the current rally expected to end around 2,130. We are targeting an initial first move back to 2,070".
Well, the high was 2,126 and right now the S&P 500 is trading at 2,070.
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Until next time,
Thierry Laduguie
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