Friday, August 12, 2011 3:01:23 PM
$SPX Monthly Gann Charts
The Hurst outlook for this fall is bearish. All Hurst cycles from the 9 year down to the 40 week are currently pointing down. The 20 week is the only cycle pointing up and it will top out sometime late August to early Sept.
Gann fan targets (second chart) for support into the coming nest of major lows is either near $SPX 800, 954 or 1075. I doubt that 1075 will hold.
cheers,
john
The Hurst outlook for this fall is bearish. All Hurst cycles from the 9 year down to the 40 week are currently pointing down. The 20 week is the only cycle pointing up and it will top out sometime late August to early Sept.
Gann fan targets (second chart) for support into the coming nest of major lows is either near $SPX 800, 954 or 1075. I doubt that 1075 will hold.
cheers,
john
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
