Wednesday, September 26, 2012

S&P 500 - September 25, 2012

So far so good with the curves and support levels, also with cycle projections


I have had timing window for next trading as well as intermediate cycle lows into October
 

Weekly TopFinder is now at 80%








That theoretically implies a potential situation for some sort of drop or consolidation


Nearby daily support is around 1438-1440






Stronger support is in the 1400-1415 area

Also of interest is the resistance curve I launched from the swing high point that is around 1465 at this time


If the broader uptrend is still good, index should find support, ideally above 1400-1415 and take the resistance curve


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