We closed negative after 21 trading days from the low. 7/6 is 67 trading days from the high on 4/2. 7/13 & 7/16 are important Gann dates.
Sentiment charts:
VIX
NYAD
NYMO
Friday, July 6, 2012
Looking for at least 23fib retrace on W4
2.62xwave1 for wave3 is sitting at 1378 SPX, which is also previous swing high resistance. Found support at 1363 and never reached 1360 (23fib). So we did not retrace 23fib yet. 1367>1358>1354>1346 previous swing support price levels. 1334 SPX top of wave 1. Alternation principal on uptrend gives possibility of a W4 zigzag to 23 or 50 fib, before completing wave C of 2.
We closed negative after 21 trading days from the low. 7/6 is 67 trading days from the high on 4/2. 7/13 & 7/16 are important Gann dates.
Sentiment charts:
VIX
NYAD
NYMO
We closed negative after 21 trading days from the low. 7/6 is 67 trading days from the high on 4/2. 7/13 & 7/16 are important Gann dates.
Sentiment charts:
VIX
NYAD
NYMO
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