90-98 Day Trend Culmination Gann Cycle Cluster into New Moon Resistance
Short term there is a bullish right translation of the Hurst 1.25 week cycle coming off the recent Nov 1 low which suggests this bull move still has further legs.
Time - Gann said watch for moves of 90-98 days to culminate trends. Finding the top of this near term trend would then likely be a nine day window of 11-20 into 11-28 (90-98 days off the c-wave low of Aug. 22). This is also the 1 year anniversary of the Nov. 2010 lows...(another important area to watch for change in trend.)
Gann mentioned to beware of moves of 49 calendar days. That 49 day move ends 11-22. Add these all up and we enter a very active cluster window.
Price - SPX 1313-1330 is an active resistance area into 1. an ascending trendline, 2. dragon tail hook resistance, and 3. the old 2006 Spring highs. This spot should prove very tough to get above near term.
Gann 20 year cycle is indicating potential December weakness, so all eyes on SPX 1313-1330 / November 21-28 area as a profit taking target for this swing trade.
Time - Gann said watch for moves of 90-98 days to culminate trends. Finding the top of this near term trend would then likely be a nine day window of 11-20 into 11-28 (90-98 days off the c-wave low of Aug. 22). This is also the 1 year anniversary of the Nov. 2010 lows...(another important area to watch for change in trend.)
Gann mentioned to beware of moves of 49 calendar days. That 49 day move ends 11-22. Add these all up and we enter a very active cluster window.
Price - SPX 1313-1330 is an active resistance area into 1. an ascending trendline, 2. dragon tail hook resistance, and 3. the old 2006 Spring highs. This spot should prove very tough to get above near term.
Gann 20 year cycle is indicating potential December weakness, so all eyes on SPX 1313-1330 / November 21-28 area as a profit taking target for this swing trade.
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