Wednesday, October 29, 2014 3:31:02 PM
Sunday, 10/19/14 04:53:06 PM
- close above 1978.63 may invalidate the bearish scenario
- FOMC is a wild card.
intraday high 1991.40
The other day i was expecting the index could retrace a local 0.866 (1820.66-1978.63), chart . In fact, SPX retraced a 0.866 out of (1820.66-2019.26). (1992.65 vs. actual 1991.40)
Use the latest data, in order to 're-activate' the bearish scenario, SPX needs to close below the short term support 1911.79 (0.382, 2019.26-1737.92, Q1-Low) - 1906.03 (0.500, 1991.40-1820.66).
An overall picture is reposted in the following brief Overall archive.
Overall archive
(1) Saturday, 02/08/14 12:24:01 PM
I proposed the following long term chart on September 30, 2012. You can find some “popular” numbers such as 1880, 1944, (2047.41,2069.93, 2130.46), 2213 .. etc, these are the wave Fibonacci extensions.
(2) Saturday, 05/24/14 01:57:15 PM
imho, 1931.41 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
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