Not to mention, the S&P 500 futures just tagged the exact high from January today (1148).
24 days since the low on Feb. 5th and we have 4 down days (5 if you count Feb. 25th when it was down 0.75)
9 consecutive up days including today. We are going to have a hell of a down day anytime now. I'm not proclaiming the end of the bull market but I am however, suggesting a nice pullback.
My initial target is 1115-1110 area which would land the S&P 500 futures on the top of the large consolidation area from November-December 2009.
Second target is around 1090, at the bottom of the same consolidation area and also near the bottom of the large channel starting around April 2009.
Get your shopping lists ready and pray for a pullback to buy all your favorites on the cheap!
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