S&P 500 - Aug 27, 2012

I have been of the view that early June gave an intermediate cycle low and a potential yearly cycle low.

So far, nothing has happened to change that view and the June low has been looking more and more like a yearly low

Index has risen to test the prior high



This is a weekly chart with some line studies

I can zoom in and do some curve studies to identify some levels of support

1395 and 1380 are nearby levels of support


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