The market was unable to move higher today. We are probably due for a short-term pullback over the next several days. The S&P 500 closed at 784.04 down 10.31 (1.3%). If the S&P 500 breaks below 760, we could see a move down to 740. After this next pullback we should see a rally back to 8,000 on the Dow and 800-820 on the S&P 500. The Nadaq, Russell 1000 & 2000 should perform similarly.
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$57.0203 (03/16/09)
