Sunday, April 17, 2011

SPX - Weekly Market Thought - Last week hold first suport - Pattern Remain Intact

Expect the same scenario/pattern of last weeks/months. What is that?
Is  expect new highs.. major/minor top, last week of May/first week of june 2011 between [1419-1436].
Last three swing highs( Minor Tops) extension pts 173,187,170  (check chart).
Last swing low 1249+170 pts or +187 = 1419 or1436.
Follow this scenario above 1305.26 weekly chart.
Short-term eyes downside suport area 1305.26 and  first resistance upside 1339 next  [1367,1378],
Close daily above 1339 expect test 1368,1378 area.
Weekly close above 1378 expect target around 1425.
More details area members.
Click to zoom in. Good luck folks.