S&P Index weekly & Fibonacci, NOW!

Discussion in 'Technical Analysis' started by capamunt, Sep 19, 2005.

  1. capamunt

    capamunt

    Hi

    I think is a interesting to hear your opinion on the next future evolution of the S&P Index.

    Salut
     
    #1     Sep 19, 2005
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  2. Apex Capital

    Apex Capital

    Yes, a close above 1243.13 will confirm a Wave 5 advance that targets 1260.40/1266.50

    1260.40 is 1.382 times the length of Wave 1

    1266.50 is 1.618 times the length of Wave 1

    The key pivot point is 1229.05
    A close below this level would negate the pattern and above projections.
     
    #2     Sep 19, 2005
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