08 July 2009

S&P500 : Rolling Over

  • Last 882.
  • Tide : Has always been down right through the Pandit/Green Shoots rally since 09Mar09.
  • Wave : Rolling over. See nice round top being formed now.
  • Ripple : SHS top formation. Horizontal neckline at 878. Another neckline already broken at 894.
  • Everything is falling into place!
  • From daily - SHS top downside objective is appx 822. But imagine what the weekly and monthly charts will look like if we get to 822.

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