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Saturday, May 29, 2010

Week-end outlook

Here is Roy's week-end update with a short clip of the SPX where he starts with the daily chart with the highest probability still the 1-2, 1-2 down count. He has a few different options on how this current 2nd wave could play out as well as a bullish count, that so far does not look very promising, with some important levels to watch for signs of a break down, and 1070 being the final nail in the bulls coffin. To view the video Click here!!!

7 comments:

  1. The max of next week can be 1110, the low 1005. Good count!!

    ReplyDelete
  2. APPLE INC shows resistance and negative divergence

    http://niftychartsandpatterns.blogspot.com/2010/05/apple-divergence-and-resistance-in.html

    Thank you

    ReplyDelete
  3. Euro vs Usdollar moving in a channel with upside possibilities

    http://niftychartsandpatterns.blogspot.com/2010/05/euro-vs-usdollar-moving-in-channel.html

    Thank you

    ReplyDelete
  4. Mike on a wave 4 how much does it usually retrace back of wave 3, 50% or 61.8%?

    ReplyDelete
  5. Hello Kim, 38%, or back to the 4th of the 3rd, one degree smaller :)

    ReplyDelete
  6. This is a effective article for me.
    Good blog!!
    Thank you.

    ...my blog:
    forex chart analysis and a cat

    ReplyDelete