S&P 500 (SPX) in Constructive Pattern
The profile that has been carved-out off of yesterday's low
at 1299.50 in the S&P 500 appears to be potential VERY constructive,
especially if (when) the SPX claws its way above 1311
to trigger upside projections into the 1321/24 target
zone. Only a break below 1303 will neutralize the
developing bullish profile.
MJP 04/26/06 2:40 PM SPX 1307.10; SPY 130.75
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