(70.6% retracement should read 70.7%
Saturday, 4 December 2010
S&P
Tagging the 1x1 line and the resistance line from previous highs.On the bottom chart the 1x1 from the July 2009 low squares price on Thursday and its a 360 point range in 360 days(at 1229).The last move up is a little over 180 points in 90 calendar days,plus there is the 90 week cycle from the low,fibonacci price resistance at 1228 and resistance from the April high clustered closely together.Plus 1225 is the square of 35.
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