2009-01-06 Market Watch

SPX daily chart is almost the same as yesterday since touching of 50% Fibonacci expansion was expected.

(SPX hourly, the target for pullback is adjusted to ~900.)

(/CL, the crude oil is due for a pullback)

All other charts are mostly neutral to bullish.  Today the ultrashort ETF's slightly lost momentum.  Let's see how the market goes tomorrow.