Market View for 11-5-2008

S&P 500

Wednesday 11-5-2008
The S&P is working on a 6 day Pin Ball set up after a big stick day on 10-28-08. Price is leading the 2ema and the 2 is leading the T-Line. Yesterday we came a little to close our 1st target (34ema) I would start watching for a pull back to possibly the T-Line. The day after the election the market will be positing itself so try to block out any intra day noise.

Rick