MtGoxFX

S&P Targets: 4,385 & 4,750

Long
SP:SPX   S&P 500 Index
Doji down, Doji up, (yellow ovals) IHS tgt met, Golden pocket bounce thus far on the channel up making a potential flag on the D1. Flag target about 4,385. IHS inside the DBW gives us confluence for the 4385 tgt. Higher DBW tgt is still 4750.

Bounce is also precluded by 3 drives down, which made the DBW pattern. (purple)

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