Friday, September 16, 2011

Expanding Triangle into a Hurst 80 Week and the Next Gann 180°

Medium term I think the SPX is building an expanding triangle.

If this current Gann 180 tops on 9/23/2011 +/- things could get quite bearish in a final culmination Gann 180 which would coincide with a Hurst 80 week low from the 2010 post Flash Crash lows....

SPX 1274-76 is a bumpline from a bearish Andrews fork and may prove fierce resistance if not the top if we blowoff into 9/23...its also the .618 retrace of the whole decline...



0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home