Wednesday, June 29, 2011

Potential Wedge into 50% Retrace/Down Trendline w/ Hurst 5 week half-span

If this current move is a triangle into July 1-5, it would be the weak structure needed for a weakness move into the 20th...

Studies are pointing to SPX 1308-14+/- area for this upmove...1312-1314 was the late May lows and may prove tough resistance...




2 Comments:

Blogger chartblog said...

Oscar on "Holiday Reversals"...

http://www.youtube.com/watch?v=QDg5sxVBiio

1:23 PM  
Blogger chartblog said...

Pure speculation...

A Gartley 222 pointing at SPX 1237 a 125% support...

http://www.freestockcharts.com?emailChartID=307c3d32-42de-4833-836d-4d4e3f25df1e

3:13 PM  

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