The Russell 2000 (RUT) broke out above the 50% price retrace that served as resistance since early May. Unfortunately, time is running out for the total market and the 1:1 descending Gann Angle sits above. Continue reading
Russell 2000 Breakout
June 5th, 2008 No Comments
Tags: Breakout · Nasdaq Charts · Price Retrace · Price-Time Balance · Russell 2000 Smallcaps
SPX To 1350-1360 Before Bounce?
June 5th, 2008 9 Comments
A number of Gannish analysts I’ve read/heard recently are pointing to the SP500 Index (SPX) moving to 1360 or even 1350 before a move higher. The consensus I am hearing is 1500 this summer. This roughly fits with my analysis. Continue reading
Tags: Gann Angle Fan · Square of Range · Standard and Poor's 500 (S&P500)