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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.34
(
-0.05%
)
Bitcoin
60,803.61
(
-1.05%
)
Post# of 51782
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pmiles

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pmiles

Re: None

Friday, 04/04/2014 12:19:37 PM

Friday, April 04, 2014 12:19:37 PM

Post# of 51782
Looks like pull back into 2.5 week low is underway. Low is probably going to be Monday or Tuesday. The 1.25 week and 2.5 week FMA's are heading up so they are in a position to generate downside targets for that low. However we'd have to drop below around 1860 to do that.

Today's high came within 3.5 pts of the 10 week FMA target which is within the margin of error. We can therefore say that the target has been met but not exceeded. If we get new highs out of the upcoming 2.5 week low that could still happen.

Good weekend. all.

Peter
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