I have re-calculated my pivots for S&P 500. I should remind myself that these are guidelines and not numbers set in stone.
Here they are
912 (Must recapture and hold for a reversal to have a chance)
852 (Battleground 2008)
767 (low of 2002)
I expected some warm and fuzzy news, coombaya kind of announcement from G-20. Seems like all they did, other than deciding to get together, for photo ops and stuff, in April, was blaming hedgefund for the global funk.
Picking easy targets, eh?
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago