S&P500 Levels Into the Close...

11/05/08 03:30PM EST
I am finally getting tagged for a loss here today, and unless we see this 977 line in the S&P500 sand hold, our newfound bullish momentum is going lose some of its snort.

Refreshing our model for 3PM, here's the math for the SPX:

BUY "Trend" line = 977.14
BUY "Trade" line = 939.11
Sell "Trade" line = 1033.24

As the math changes, I will. I am not seeing the follow through to the upside that I was looking for today. Where they close this market is the price that will matter most.
KM
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