S&P 10/09

The S&P 500 is at a critical junction after its recent runup since this prior post:

http://rpbsinvsvcs.blogspot.com/2009/08/s-long-term.html

It looks like the S&P is going to need to jump the 1080-1100 area in order to hit the original target. Bullish earnings reports this week may provide the catalyst. If it doesn't make the jump soon, the rising wedge may rule the day, taking prices down quickly.