that the price "could just sail right through". Like I said, it looks like resistance to me. But I'll note that you said so.
conservatively speaking we could see 8700-8800 within june, making a bold prediction id say we could see a sell off to 8400 with a potential bounce...
Pristine has a good article this week on determining the presence and potency of reversals: http://www.pristine.com/weeklychart/
so the lowest we saw was 8985, however i still feel these numbers will be met in the near future... anyone else have any thoughts or opinions on where the market is headed for july???
We'll see 9,500 in the next 4 months and then we will see a draw back to the 9,000 mark in and around december. This market is going up but we will hover for a few weeks and maybe even hit 8,500 for a bit. Trade teh YM futures over the next 4 months and you will see plenty of opportunities to make money on 100 point swings. Make money!!!!!!!!!!! Lots of it!!!!!!!!!!! Be greedy and then be even more greedy!!