SPX (S & P 500, http://bit.ly/i0nsT) Appears To Have Bottomed Today (likely Wave 1 Monthly Cycle Low), and, appears to have (barely) broken the downtrend on the five day chart, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=.
SPX (S & P 500, http://bit.ly/i0nsT) put in a bullish white (close above the open) daily candle today, with a medium inverse spike, see http://bit.ly/i0nsT. Note that SPX bounced very soon after the 1056.74 downside gap got filled very early today. Often, important cycle highs/lows occur shortly after gap filling action (and Elliott Wave patterns) has been completed.
No comments:
Post a Comment