SPX weekly prediction

Discussion in 'Technical Analysis' started by apex82, Oct 24, 2006.

  1. I just thought I would post my two predictions for the S&P cash. Doesnt mean I am going to trade this blindly, just a thorough anaylsis I do every week and will look for confirmation on lower time frames. My only contigency is if this thing breaks through both zones like a freight train then I will definately go long... chances of that happening.. very slim. Anyone want to take the other side of my prediction?
  2. ......Updated Chart.......

    Notice the month consolidation at the first pink zone. It is now in the second zone and has been in this range for over a month now. A sustainable breakout is on the horizon. If they are going to take it down they will most likely run the stops above the December 18th highs.