Sunday, July 22, 2012

S&P Gann Harmonics and Gold Trigonometry

S&P 500



GOLD



  • The cycle arc has reached its maximum horizontal range: this suggests that a cycle burst is imminent. (top chart)
  • The trigonometric fan lines--especially the 45* ($1/day) is acting as strong resistance to any advance. Trading above the 45* would be a bullish development. (> $1600) Breaking $1525 would be quite bearish.

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3 comments:

Fibocycle said...

1310-1315 is critical support...

trigonometric ratios said...

The use of trigonometry in daily life is immense and I really want to incorporate it in the height and distance problem.

Fibocycle said...

contact me at pbres1618@gmail.com if you want to discuss trigonometry and the markets.