Time cycles have kept the financial markets up-move in-check since, 01/03/11. S&P has not been able to break above the high price of 01/03/11. However, 1,262 level, a previous resistance level has proven to be a support, during recent sell off. It has been tested 3 times since 01/04/11. Bears started selling since 01/03/11, but found a support for the first time, since S&P broker above it. Market has been in the uptrend for about 18 months. IF the market does NOT BREAK DOWN now, then we are looking for (last 10 days of Jan to First Week of Feb) February and March for serious correction. Let me remind you that .........more delay in the correction, sever the correction shall be!!!!! When S&P breaks above 1,272, then, next target shall be 1,300.
3 comments:
should SP close above 1272 or intraday high counts ? and we are going to 1300 ?
Once we break above the 1272 with gap and trade above 1,278, then, it proves that we are going to test 1,300.
Thank You
Mr Syed, you are amazing and GOD Bless u
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