Monday, December 8, 2008

Can We Keep This Rally Going?

Good Morning! Futures are up nicely this morning on hope that the Big 3 will get the money they have been looking for last week from Congress. Word is that the deal may actually go through before the end of the day today. I think that if we have another rally today that is actually sustained, we will see a sharp drop off the next day. Below are my support and resistance targets for the SPX. Also, I note that Oil is up while the dollar is weakening like I predicted last week.