Sunday, September 16, 2012

S&P 500 - September 16, 2012

1439 and 1425-1430 areas look like nearby S&P support



A TopFinder curve for the latest up-swing is at 62%



Cycle work indicates that next trading (short-term) cycle low is theoretically due in Oct 9-Oct 30 time frame and next intermediate cycle low is theoretically due in Oct 22-Dec 3 time frame


So, with trend having consumed more than 50% of its energy (according to TopFinder) and cycle lows due in time frame spanning late October, nearby support areas become of utmost importance

Remember that this analysis, like all analysis, is based on statistics and theory and only the delusional knows the future


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