Sunday, September 18, 2011 1:44:37 PM
SPX - 18 SEP 2011: Harmonics Development
Consider these harmonic developments:
- Persistent BEARISH Gartley Pattern on MONTHLY Chart #2
- NEW (albeit premature) formation of a BEARISH Crab pattern (Validation of XA extension at B = 50.0% AND B extension at C = 38.2% - Dotted line speculates a XA extension at D = 88.6%
Resistance expected at the confluence of prior consolidation levels combined with structures at $1,320.
Support as indicated in chart in Chart #2 below:
Chart #1 - S&P, Nasdaq, DJIA - DAILY Chart:
Chart #2 - $SPX - 10Yr., Monthly Chart:
- Dalcindo
Consider these harmonic developments:
- Persistent BEARISH Gartley Pattern on MONTHLY Chart #2
- NEW (albeit premature) formation of a BEARISH Crab pattern (Validation of XA extension at B = 50.0% AND B extension at C = 38.2% - Dotted line speculates a XA extension at D = 88.6%
Resistance expected at the confluence of prior consolidation levels combined with structures at $1,320.
Support as indicated in chart in Chart #2 below:
Chart #1 - S&P, Nasdaq, DJIA - DAILY Chart:
Chart #2 - $SPX - 10Yr., Monthly Chart:
- Dalcindo
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