Tuesday, April 22, 2014 10:45:48 AM
04/22/14 SPX testing 0.786/1879.54
The low cycle in the projected time window 04/14/-04/17 dragged SPX down to 1814.36 (,1815.80,1816.29 triple bottoms), did not reach the projected 1812.74. and then reversed.
chart (04/17) indicates the deep retracement 0.786 is 1879.54, so far the intraday high is 1880.42.
Bull has gained the upper hand, without staging a quick pullback below the open gap 1844.02-1846.01 decisively, there is a good chance to see SPX & DJI to test their highs or make new highs in early May, NDX & RUT may produce a lower high respectively.
>> 04/04
>> bear gauge 1859.67
>>
>> 04/10
>> A tentative intermediate low projection based on latest data
>> for S&P is 1812.74-1789.90
chart 04/17
The low cycle in the projected time window 04/14/-04/17 dragged SPX down to 1814.36 (,1815.80,1816.29 triple bottoms), did not reach the projected 1812.74. and then reversed.
chart (04/17) indicates the deep retracement 0.786 is 1879.54, so far the intraday high is 1880.42.
Bull has gained the upper hand, without staging a quick pullback below the open gap 1844.02-1846.01 decisively, there is a good chance to see SPX & DJI to test their highs or make new highs in early May, NDX & RUT may produce a lower high respectively.
>> 04/04
>> bear gauge 1859.67
>>
>> 04/10
>> A tentative intermediate low projection based on latest data
>> for S&P is 1812.74-1789.90
chart 04/17
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