S&P 500 hesitates
By Colin Twiggs
September 18th, 2012 2:30 a.m. ET (4:30 p.m. AET)
The S&P 500 hesitated at its upper trend channel. Follow-through below 1460 would indicate a test of the lower channel and support at 1400. Bearish divergence on 21-day Twiggs Money Flow continues to warn of a correction.
* Target calculation: 1420 + ( 1420 - 1280 ) = 1560
Nobody goes there anymore. It's too crowded.
~ Yogi Berra