Sunday, 2 December 2012

Spx Geometric 360


My thinking here is that we are against angle resistance and the midpoint of the last 1/8 division of the square (1440-1395) ie 1417.5 .Minor 1/8 up (1423.125) should hold if this is to turn price else 1440 would be on the cards.So,ideally a reversal from 1417-1423 on the 6 month time cycle around Dec 4
I would also watch the 50 dma which is at 1421.6







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