This is a chart with weekly TopFinder (red graph)
Nearby weekly support is around 1430
This is a daily with S/R curves
Notice how nicely the fastest trend line of chart provided support and bounce
I had nearby resistance around 1460 and, yesterday, index tried to go through that
Nearby support is around 1460-1435 which is more and more shaping up as a defining level for the current upswing. It also coincides with weekly support of 1430
Better and more important support remains around 1400-1415 area
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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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