Friday, February 6, 2009

ProphetCharts: $SPX


Most interestng is this 90 day Fibonacci shown on a 9 month daily:

Fairly easy to see the range as 740 - 952...which we are currently at the botomside of the 50% retracement...

But notice yet another descending triangle formation...

Let's blow this up and see what it looks like on a 2 yr....

NEXT..


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