Saturday, 29 December 2012

SPX 2012 range

Recent price action is weak but the 1x1 needs to break for bears to get more confident.See how the recent high came 12 months after the yearly low

Rather than look at the calendar year I believe it is more constructive to look at the September to September year (natural seasons) and see it as a 360 point move from 1080 to 1440 with overshoot.



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