"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

Wednesday, April 11, 2012

S&P 500 daily chart

This was an impulsive break on volume and importantly, in line with signals from leading indicators.  The SPX could easily rise and test resistance at 1390 (must clear current resistance first), at which point shorts will be very interested to see how it does. 















http://www.biiwii.blogspot.com
http://www.biiwii.com
at 4/11/2012 11:24:00 AM
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4 comments:

  1. Wondering where we are on the 3 peaks and domed house schematic. Between points 24-25?

    Also, is the uranium sector something you cover?

    ReplyDelete
    Replies

    1. Ah, the Domed House. I have scrapped that model in favor of more immediate market tracking. As for U's, I'll cover it when it looks good but right now nothing looks good to me other than the RPG.

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    2. And I don't mean RYDEX Pure Growth... real price of gold.

      Delete

  2. Even your free blog has been a valuable tool for me, but PMs only satisfy half my investment interests. Energy, more specifically the uranium complex, is also very compelling. If you were to cover energy/U regularly, I would happily subscribe. Thanks for the consideration.

    ReplyDelete

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