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May 16th, 2008 No Comments
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SPX Long Term Cycle Trend Lines
May 16th, 2008 No Comments
The SP500 Index (SPX) has followed a clear geometry by respecting the angles off the 2002 market bottom. The support line for the March low should serve as support into October. Price may break this line and will be a good place to go long - with a stop underneath a reasonable amount. The third break of this line would be very bearish long term.
Chart courtesy
Tags: Gann Angle · SP500 · Square of Range