Where are the stock markets going now : SP500 new high is 1.661:20 - the point I have had as the top for one month. Tomorrow comes the answer. Wednesday close was 1.657.68. The index jumped from 1.634 to next target 1.655 without problem. Next Fib target is 1.689. There is a possibility that the index may break on upside in an uncontrollable rally, the worst thing that can happen because afterwards there will be an enormous bear market probably down below 500. My short positions has now increased to 5 percent of the account and are at 1.658.13

15/05/2013

SP500 new high is 1.661:20 - the point I have had as the top for one month. Tomorrow comes the answer. Wednesday close was 1.657.68. The index jumped from 1.634 to next target 1.655 without problem. Next Fib target is 1.689. There is a possibility that the index may break on upside in an uncontrollable rally, the worst thing that can happen because afterwards there will be an enormous bear market probably down below 500. My short positions has now increased to 5 percent of the account and are at 1.658.13

SP500 day US close

SP500 2 hr US close with waves

SP500 30 min US close

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