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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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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