Much ado about nothing on Tuesday
The curves I posted seem to be holding and playing nicely
Closer, we can clearly see a contraction on this futures chart
Index is in a theoretical timing band for a trading (short-term) cycle low. The resolution of the recent contraction may tell me if the low is put in already or needs another push down to be set
1395 and 1384 are nearby support
1415 is important resistance to take and hold
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S&P 500 – May 15, 2012
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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


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