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techcharter

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techcharter

Re: None

Thursday, 07/26/2012 9:55:08 AM

Thursday, July 26, 2012 9:55:08 AM

Post# of 51788
SPX Pop at Fibonacci 60% Retracement

The past couple of days of rally have retraced the sell off from last week's high. Structurally the retracement looks like a zigzag. There is also a fibonacci ratio in time 50%. Wave structure and fiboacci ratios signal with higher probability there will be a top today.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=spx&time=18&startdate=1%2F4%2F1999&enddate=7%2F26%2F2012&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8&x=58&y=4
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