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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