This my take on SPX. I believe the wave 5 is already formed and the correction is next on line.
Comments
racernic
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We all agree that we r near all time highs YET the world issues are ALL still in play: eurozone still is in a complete mess and most importantly NO LEADERSHIP! the US is still not growing as we expect. Jobs not growing as needed. Fiscal cliff still upcoming and politicians have proven before that they are willing to do anything to get their way and this includes hurting the US economy for the sake of their parties. SO TELL ME AGAIN WHY ARE WE AT THE HIGHS? and is there more opportunity for a slide rather than a move up? IMO the risk of pullback is greater than pop.