Sunday, June 12, 2011 9:03:26 PM
Reminder= SPX "Expect Resistance at 76.4% retracement"
as shown on our Monthly chart for a long time as a Fibonacci hurdle
Note below the significance of using Wave 1 forecast.
The market has used this level, specifically at 1292, as a pivot or force pole (think StarWars) since reaching the major resistance predicted April 2010. SPX has been building a base here to help its major recovery. Many of the projection points in this table have been important considerations. Also note the importance of OBV (on balance volume) first used by Granville in early 1070s.
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as shown on our Monthly chart for a long time as a Fibonacci hurdle
Note below the significance of using Wave 1 forecast.
The market has used this level, specifically at 1292, as a pivot or force pole (think StarWars) since reaching the major resistance predicted April 2010. SPX has been building a base here to help its major recovery. Many of the projection points in this table have been important considerations. Also note the importance of OBV (on balance volume) first used by Granville in early 1070s.
Trade at YOUR OWN: Risk, DueDiligence, RiskTolerance. Trading Responsiblity is Totally Yours!
You are Spending Your Money, no one elses! Be Wise, Be Thinking, Be Deliberate!
Be Lucky, Chichi2
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