StockCharts Messages – 12/04/12

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MARKET MESSAGES

12/04/12 – TUE

12:43 – PST – The correction beginning yesterday has halted at the 50% retracement of the entire decline since 9/14/12.  It is also at the 23.6% retracement of the rally since 11/16/12.  See chart below.

It seems likely that we will see more correction before a significant rally develops.

12-04-12 SP FUTURES 160 MIN BAR

12-04-12 SP FUTURES 160 MIN BAR

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