Saturday, July 12, 2014 8:36:51 PM
07/12/14 SPX
Strategy:
-Hold the long positions with mental Stops
Synopsis:
The Wave (5) target range is 1970-2050. So far, there is no sign that Wave (5) has terminated.
Use 1985.59 as the reference:.
The early intraday bearish gauge is 1945.15 (0.236 1985.59-1814.36).
The intermediate frame gauge is 1927.13 (0.236 1985.59-1737.92).
The gauge to see 1970-2050 is 1931.41.
Combine together, the near term support zone is 1927-1931.
more details: SPX – trend synopsis
Strategy:
-Hold the long positions with mental Stops
Synopsis:
The Wave (5) target range is 1970-2050. So far, there is no sign that Wave (5) has terminated.
Use 1985.59 as the reference:.
The early intraday bearish gauge is 1945.15 (0.236 1985.59-1814.36).
The intermediate frame gauge is 1927.13 (0.236 1985.59-1737.92).
The gauge to see 1970-2050 is 1931.41.
Combine together, the near term support zone is 1927-1931.
more details: SPX – trend synopsis
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