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Saturday, May 23, 2015 4:47:04 PM
05/23/15 weekly report
(1) Market Trend Charts – overall ( link) says we are in a stock bull market
Synopsis:
- To be short term bullish, depends on whether it will break 2130.46 decisively (2137.74)
- A nice chart by gtoptions: link
- The delving efforts by tony caldaro, TraderJoe on ending/leading diagonal pattern is amazing link
(2) Fibonacci Zones
Zone 1 2070-2130
Zone 2 2130-2214
Zone 3 2214-2317
chart
(3) SPX Short term high targets
2137.74, 2141.14, 2148.70
(4) SPX Short term low targets
2119, 2109, 2105
2098, 2076
(5) Middle term target 2213.50
Gauge 2157.33-2167.53 to see 2213.50
chart
[2130.46-2213.50]
2157.33 0.3236 (=1.618/5)
2167.53 0.4465 (=1.786/4)
(6) Long term target - pending
A few meaningful Fib. points
(1) Market Trend Charts – overall ( link) says we are in a stock bull market
Synopsis:
- To be short term bullish, depends on whether it will break 2130.46 decisively (2137.74)
- A nice chart by gtoptions: link
- The delving efforts by tony caldaro, TraderJoe on ending/leading diagonal pattern is amazing link
(2) Fibonacci Zones
Zone 1 2070-2130
Zone 2 2130-2214
Zone 3 2214-2317
chart
(3) SPX Short term high targets
2137.74, 2141.14, 2148.70
(4) SPX Short term low targets
2119, 2109, 2105
2098, 2076
(5) Middle term target 2213.50
Gauge 2157.33-2167.53 to see 2213.50
chart
[2130.46-2213.50]
2157.33 0.3236 (=1.618/5)
2167.53 0.4465 (=1.786/4)
(6) Long term target - pending
A few meaningful Fib. points
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