Tuesday, February 19, 2013

Transports & S&P 500

Long Term Transports 

  •  all time highs
  • breaking above circle and parallelogram 
  • appears headed to 6700

S&P 500 Daily

  • market becoming quite over-extended
  • cycle harmonics Feb 26-March 1, 2013 (AB = CD) (geometric harmonics)
  • RSI and DMI(14) forming a bear set-up
  • overdue correction on the horizon
  • 1495 = Major Pivot Support



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