The New CS Board

[dindindon]

>> Take her (SPX) down below 1600 this summer

i don't the timing

Let’s do a quick review:

A: Current ‘standoff'

SPX day low 2079.12 (11.06 am EDT, ongoing)
2079.12 its technical significance:

Saturday, 04/11/15 05:34:31 PM
Let’s check:
- 2079.76 in this chart, 12/05 session high 2079.46
- 2079.76 * 1.02 = 2121.36 (ATH 2119.59)
- 2079.76 * 0.98 = 2038.16 (2039.69 is the First low after ATH)

B: Long term

(1) There is no confirmation we have seen the peak.
(2) Bull Trend (since March 2009) reversal confirmation point:
< 1776.73 (0.236 , 2119.59-666.79)

There is a major Fib cluster around 1773-1777

1781.49, 1785.09
[ 1776.73, 1774.61 1773.00 1773.97 ]
thus why i think this is a pivotal zone.

possible Low rails
0.3236 1649.46 (1.618/5=0.3236)
0.3820 1564.62