Replies to post #20441 on The New CS Board

[gdl]

Interesting how so many people see the same ending point. If the upward channel stays right in the middle range, meaning that the slope of ascent remains the same, we should hit 2130 in 4 or so months. If it breaks to the upper boundary of the channel it can obviously happen much sooner.

[dindindon]

12/04/14 SPX & Integrated Oil

Not much has changed since last update (11/23)

dindindon Sunday, 11/23/14 01:28:34 PM

(1) 2079.76 A gauge to see 2100-2130
(2) 2130.46 Middle term upper target

if “how to get these numbers” is important, then check with the following chart:
http://www.chartupload.com/images/99280192870917928554.jpg

Anthony Caldaro 12/03/14 Wednesday update
https://caldaro.wordpress.com/2014/12/03/wednesday-update-468/
Medium term support rises to the 2070 and 2019 pivots, with resistance at the 2085 and 2131 pivots.

synopsis:

(1) Pivots/Resistance realization

666.79 1370.58 1474.77
1.236 1944.65
1.382 2047.41
1.414 2069.93 = 1474.77 + (1370.58-666.79) * 1.414
1.500 2130.46
1.618 2213.50

2130.46 (100%) – 2069.93 (0%) = 60.53

2085.06 25% ( 2069.93 + 60.53 * 0.25)
2100.20 50%
2115.33 75%
2130.46 100%

(2) near term

supports:
2047.41 ( 21 EMA @2046-2047 as of 12/04)
2019-2017
2000-1995

lower targets: (it is still too early to project)
1980
1948-1920

Near term resistance:
2079.76, 2085, 2100

(3) MACD settings: (5,8,3) (8,13,5)(13,21,5)(21,34,5); EMA: 5,8,13,21,34

Moving averages say SPX is in a solid bull market. imho, to be bearish:
wait for MACD (21,34) rolls down
wait for MACD (5,8) crosses below zero
wait for EMA 5 and EMA 8 crosses below EMA 13, and EMA 5,8,21 rolls down



(4) Integrated Oil stocks: TOT COP BP XOM CVX RDSA ... etc

Fibonacci support looks attractive, the looming M head is not. imho. for a safer entry, keep watching for horizontal consolidation.