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...
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...
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