S&P 500 hesitates

By Colin Twiggs
September 18th, 2012 2:30 a.m. ET (4:30 p.m. AET)

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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.

S&P 500

* Target calculation: 1420 + ( 1420 - 1280 ) = 1560

Nobody goes there anymore. It's too crowded.

~ Yogi Berra