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techcharter

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techcharter

Re: None

Friday, 10/19/2012 9:01:06 AM

Friday, October 19, 2012 9:01:06 AM

Post# of 51788
SPX Short Term Top In

5 waves UP and the lower channel line (support) of the rally has been broken. The Fibonacci 1/3 price retracement is close, but the time ratio is way too small. At least 1 to 2 more days of consolidation if larger trend is bullish, and several days of selling if bearish. Either way upside is limited since the trend is sideways to down.

http://charts.insidestocks.com/chart.asp?sym=esz2&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk
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