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.

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