SPX S&P 500

SPX (S&P 500) Update, January 6

It’s pretty obvious that SPX is overbought and should correct any day now. That’s in addition to the negative news out after hours (Alcoa, [[AA]], cutting capital expenditures and employement), which no doubt is just the beginning.

The question is how low will it go on this correction?

920, 887, 850 or lower?