For FT

SPX 5 min

Looks like a bearish rising wedge but could break out to the upside still. The grey lines are gaps. White line is our uptrend line

Market profile for 3-31-09

Courtesy of subq

785 is the pivot and 787 is old support so new resistance. Should be interesting to see if we can take out 787 overnight and hold it.

S&P Chart

Here is a chart of the S&P 500 with some support and resistance lines. We look to be coming up to a major resistance line. This is wave 4 of 5 major waves. We should look for an a-b-c wave..we are in a...buy the b pullback and short the top of c. Then we will enter wave 5 down.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=7&dy=0&id=p08670055748&a=155693267&listNum=39

Absolution