S&P Consolidating

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S&P Consolidating

By Mike Paulenoff | Published 07/25/2006 | Stocks | Unrated

S&P Consolidating

Although the SPX has reversed off of its recovery high by about 10 points, the view from our near-term point and figure chart perspective shows that the damage or give-back has been minimal so far.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.

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