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November 21, 2012 at 09:50 AM EST
SPX Update, and Some Bull/Bear Thanksgiving Humor
MINYANVILLE ORIGINAL No material change since yesterday's outlook though I have outlined the two most likely short-term paths from here.  Odds are good that at least a minor top is nearby but it appears reasonably likely that we'll see slightly higher prices first.  The chart below shows that as long as bulls can hold above 1382 they have a good shot at moving the S&P 500 (INDEXSP:.INX) into the mid-to-high 1390s.    Click to enlarge   The SPX hourly chart notes that both bull and bear intermediate possibilities remain alive.  Worth noting: virtually none of my intermediate indicators have given ...
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