It looks as though the major indices may have completed an initial leg down and are due for a retracement. It is impossible to tell how high it will go, but the highest expected for the S&P 500 is about 1080. It could be as little as 1050. Below is a chart for the S&P 500 showing a nice Elliott wave pattern. As for individual stocks, the calls on MCD remain. I am also closely watching AXP which looks to have a nice topping pattern completed but might retrace up to 35.5 before the next leg down. The short term pattern on BNI is uncertain but during the current index retracement, it is not likely to go higher than 83.
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