"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, July 19, 2011

2 Things I like about the SPX

1) "Support around 1290 had better hold"... Check, it has.  And it got the 62% Fib to boot.

2) The Falling Wedge from which it has broken is actually a Handle to a Cup by 60 min. chart.  A rise above 1355 loads the original 1420 target and then some.