S&P 500 Update

Weekly Chart

geometric fan lines from October and June lows.

• 45* = 1pt:1day
• 36* = 0.726/day
• 30* = 0.577/day

Gann 180-360* from September peak 1474.52

• 180 : 1398.71
• 360 : 1324.91
• 540 : 1253.11
• 720 : 1183.32

Daily Chart 

• Square BCDF is based on AB. ( BC = AB)
• 2x1 from A is converging on 1x1 from B
• Circle radius CB is containing price levels since market broke CE (2x1)
• breaking below 1350 without a bounce would be very bearish and may lead to significantly lower prices sooner than later.