Friday, April 22, 2011

SPX500 - Weekly Market Thought 22042011

Expect the same scenario of last months. What is that?
Is expect new major/minor top last week of May/first week of june 2011 between [1419-1436].
Last three swing highs( Minor Tops) 173,187,170 pts(check chart). Last swing low 1249+170 pts= 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]
Weekly close above 1378 expect target around 1425.
Click to zoom in.