Saturday, September 17, 2011

SPX Quick Update Daily Chart 17092011 - Fibonacci Arcs

Quick update of the SPX Technicals. Note we are near the highs of last 7 weeks SPX.
Last friday high of the session fill 55 EMA daily chart and close only 2.8% below EMA 200 sitting 1250.
The bounce has been on rather poor volumes.
We believe the markets will soon turn down, and “surprise” the bulls again.
Remember FOMC Meeting 20-21 September  ( this week ) | next 1-2 November and the last one 13 December.
We update this weekend to members Ftse, gold, crude and will update more sunday.
If you are member to check more update and notes click here if you non- member click here
Click to zoom in.
Happy Consistent Trading