Our new friend the SPXEW continues to following the 2:1 descending angle. It is now at the 1:2 ascending angle. This is a place for a move up. The market feels like it is waiting on a time cycle to complete. I cannot see the exact cycle but that does not mean it is not there. Volume was lower today.
Chart courtesy of Stockcharts.com
Post Modified: July 2nd, 2008 at 11:57 pm
Tags: Gann Angle Fan · Standard and Poor's 500 (S&P500) · VolumeNo Comments
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