Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

S&P 500 (SPX) Rolls Over


During the past 90 minutes, the SPX has rolled over into a nosedive that my work considers part of a corrective process that began at Thurs. high of 1318.16, and which COULD extend into the 1305 to 1300 support zone prior to my expectations for the emergence of another potent upleg. Only a sustained break of 1297.50 will argue that the SPX is heading for a very deep retracement of the upleg off of Mon.'s low at 1280.74... and only a break of 1280.74 will wreck and reverse my current constructive outlook. MJP 04/21/06 3:10 PM 1307.68

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his Macro Trading Charts.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!