Cup and Handle on SP500 (weekly chart)

Believe it or not! the market wants to go higher…On weekly chart for the SP500 we have a cup and handle formation which is bullish! This should take it to 1330 into next year, barring new surprises either with the US economy or the european debt situation.  Even China's economy  could be a factor! 

This entry was posted on Friday, December 10th, 2010 at 1:59 pm and is filed under Original Articles, Trading, market commentary. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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