SPX Daily Chart - 26 Jan 11

     Yesterday's uptrending price bar moved above the January 18th high and has negated the pending Combo sell signal. As far as TD signals go we must wait for a new sequential or combo countdown to complete. Per the Price Pulse, the two day decline into the 20th marks a beta pulse and we are now in a delta pulse. In this formation a signal would only be generated with a move below the 1271.26 mark of January 20th.
     Bottom Line: Daily chart of the cash SP500 remains in a bullish position.