Turning Points (Andre Gratian)

From Safehaven.com:

The market may be at an important short-term juncture. Friday’s sell-off, after the SPX had reached the last interim target of 1301 — very near to its projected final destination of 1310-1312 — could mean that the end of the rally from 1173 (and perhaps from 1041) has taken place.

It is important to let the market speak for itself and not to jump to premature conclusions. As of Friday’s close, only a near-term (interim) sell signal had been given. More weakness and a daily close below 1270 will be needed to signify that a short-term top has been reached.



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