Squaring Price and Time - SPX 1331-1332 for July 20?
No change on mid-July Full Moon Gann area creating a low. Looking at July 20 there is a squaring of price/time off of the May 2 high and June 15 low giving a price of around SPX 1331-1332 on an Andrews median line and a minor Elliott wave 4 support area.
posted by chartblog at
2:05 PM
4 Comments:
So are you looking for a top at 1370 before a movedown to 1331?
I think yesterday saw some type of wave 5 top. With todays selloff down to 1333 it looks like SPX is going flat and may bounce around 1331-2 for a week or so.
Then should easily hit 1370 by late July. Into August 1400+.
These rallies arent likely to get very far until we get past the next full moon.
Good time for traders to take a vacation and prepare for the July 15-20 launch date.
There is a very bullish 5 wave leading diagonal pattern off the June 16 low into yesterdays high.
Intersection of the diagonal trendlines pointing at July 20 for low.
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