08/05/2013
SP500 other long term channels, week and day. It is very difficult to find the top with these channels but one thing is for sure, a very powerful correction will occur. The trend can go higher 1.650 area is not impossible watching the weekly channel, but the higher we go the worse will the fall be. And if it goes too high the correction can become a bear market so be very careful from now on. Keep the long trend in your mind. Also note that the Monthly channel and the daily looks the same the way I have drawn them but the weekly channels differ.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment