Technical Analysis of world markets,Currency pairs and Commodity
Saturday, 4 February 2012
> S&P 500 Monthly Analysis
S&P 500 Technical Analysis : From 31st Oct 2007 to 1st Mar 2009 Full Wave 1-2-3-4-5 was Completed. Now Closed above 61.8% of the total move. So next resistance at 1390-1400, ie.78.6% of the total move. Once it fails to cross then Correction will be severe. So, expected correction/sideways move with negative bias. Wait and Watch.