Tuesday, June 28, 2011

SPX should now be in the 5 week high strength - Expecting 20 week low weakness to hit July 15-20

July 15-20 is a major/significant Gann Harmonic window that should align with a 20 week low, as mentioned two posts back.

Now its just a waiting game to see what it brings.

Not shorting at all. I'm currently about 60% long/40% cash. Waiting and planning to buy with both fists if July 20 shows weakness as a low.

2 Comments:

Anonymous Anonymous said...

Dave how high you looking for SNp to get to and by the 5th?

8:40 AM  
Blogger chartblog said...

50% retracement from May high to June low is in that 1312-1314 range.

July 5 could be the high area.

10:46 AM  

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