Median Line Symmetry to SPX 1430 into July-August w/ Speed Lines
Some projections for next bull move...
In next two charts:
Line 1 needs to hold most of the declines and act as primary support. The purple median channel lines should act as approximate speed of up move.
Line 2 is line in sand for minimum projection and needs to hold any declines.
Note on first chart where two lines cross on June 9 +/- at SPX 1375 +/- I wouldn't be surprised if a fast rally is targeting that area.
In next two charts:
Line 1 needs to hold most of the declines and act as primary support. The purple median channel lines should act as approximate speed of up move.
Line 2 is line in sand for minimum projection and needs to hold any declines.
Note on first chart where two lines cross on June 9 +/- at SPX 1375 +/- I wouldn't be surprised if a fast rally is targeting that area.
posted by chartblog at
11:14 AM
1 Comments:
SPX is acting perfectly for a sharp rally....notice how the bottom pitchfork is holding the selling....
http://www.freestockcharts.com?emailChartID=4fcc8237-107d-464f-afb5-47d1db2a4efc
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