Friday, January 13, 2012

S&P Setting Up for High Pivot

S&P 500
 CHART #1
  • January Energy Date: Jan 17-23
  • ideal technical set up for a high (RSI, Bollinger & ADX)
  • a non-confirmed rally into Jan 18-20th would complete the ideal set up
  • Dec. 19 low @ 1202 is a critical swing pivot: if violated the intermediate trend could turn down
CHART #2
  • Geometric from July 7 - October 4th decline
  • S&P is at diagonal resistance and cycle frontier
  • important support @ 1250


CHART #3
  • Geometric from October-Nov decline
  • market is breaking through diagonal support from November low
  • Critical support at 1250 from July 7th high


5 comments:

scotty said...

Beautiful Stuff Fibocycle

Fibocycle said...

next week should be interesting (to say the least)

scotty said...

Gold Traders.......Have you seen this...
Your missing out
http://screencast.com/t/RfG0kpZAj This is SPX Gann Chart VerKool
http://screencast.com/t/gcrtMTmuih

Have a relaxing weekend.....Scotty

johnny said...

Hello

johnny said...

What is the top for this wave and how far down do you see this correction.