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.
Weekly Chart Dow Jones / DJI / ^DJI / Analysis : Almost Retraced 78.6% FIBONACCI of the 14267 and 6460. Previous high is also at 12872 and 13133-13140. Expected Target 13100. Again lower top of 13133-13140. [Previous View http://moneymason.blogspot.in/search/label/DJI ] . 3rd Feb,2012 high at 12870. Already long call from previous analysis with the target of 13100 is still on. Wait and watch.
