2 replies to this topic

[mss]

Having trouble with first chart above so reposting it here till the weekend, or GD corrects it for me.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=5&i=p25753133254&a=85965484&r=3404.png

mss

[mss]

............ the SPX appears to be getting somewhat tired and slowly loosing strength.Top side is 1345-55, with 1345ish being most likely. The down side is hard to suggest but my best guess is in the following steps, 1325, 1310/15, 1290. Each step being an area of support that may or may not break down.

Unless something happens out of the ordinary 1345-1310 will be the range over the next two weeks.
mss

[mss]

Well i should have kept my first forecast and not tried to fine tune it. The 1355 was close as was the two weeks, but did not expect a blast to 1360-65 range this week at all. Now we wait as Friday thru next Thursday is anybodys guess. Maybe "da-chief" has a thought other than 1370/75 then 1401 all sometime in the near (?) future. What do you see next week?