> 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.

> DJI Weekly Chart

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.

>DJI Support and Resistance Analysis (USA)

Negative divergence in Daily chart, Highly overbought in momentum oscillators.  So, minimum Retracement required to get the final target 13100, Expected correction with sideways up to 12500-12400