Saturday, 30 July 2011
S&P
I've tried to show how the cycles from the Gann emblem might fit in with retracements and channels.Not making any forecasts about where price will terminate the cycle ie future dates are not price forecasts but time forecasts
The 10,20 and 50 dema alignment looks very bearish.Short-term a bounce looks possible off the 3 month cycle,the 200 dma and 1270-80 support.The triple top in a LH position has crash potential so bounce is for selling !
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