S&P500

updated, amazing market

dl.dropboxusercontent.com/u/40497882/SPX_14MAY13v1.JPG

WaveSurfer wrote: PROJECTED MOVE TARGETS N SHORT TERM SUPPORTS...

dl.dropboxusercontent.com/u/40497882/SPX_14MAY13.JPG

RGDS WS

PROJECTED MOVE TARGETS N SHORT TERM SUPPORTS...

dl.dropboxusercontent.com/u/40497882/SPX_14MAY13.JPG



RGDS WS

updated: dl.dropbox.com/u/40497882/spx_diag_10minv1.JPG

have a great Easter all, enjoy the long weekend.

one final pop to complete structure....?

it's getting tighter...

dl.dropbox.com/u/40497882/spx_diag_10min.JPG

Good evening all, it appears the tussle for the S&P will result in a new high for the index. The very short term P&F chart couldn't have more of a cluster of targets if you made it up! (last target of 1605 is not active yet, requires a new high without 1544 being breached)

dl.dropbox.com/u/22133197/S%26P%20500%20INDEX.gif

If it does breakout as it is suggesting, it will be interesting to see how it responds at the 1600 level. The caveat is that if 1541 breaks down I think it will be a very different story.

Best wishes all

ft

We got am inside bar on this on Friday so it's long above 1558 and short below 1543 with opposing stops:



dl.dropbox.com/u/20815047/SPXdaily24_03_13.gif

The current price high came on the test of the downtrend formed by the RSI bearish divergence which happens quite frequently. If this breaks down then I'd look towards that 1485 area as the max low for now. A break to the upside may target the all time high at 1576.