The Gann Fan of the 2002-2007 range continues to provide support at the 1:2 angle. If price closes below this angle then there is a lot of downside ahead. But this is a natural place to move up if price has a mind to go that way.
The SP500 Equal Weight Index (SPXEW) has bounced well within the Gann fan of the 2007-2008 range. Price will remain in a bullish position as long as price stays above the 1:1 Gann angle.
Tags: Gann Angle Fan · SP500No Comments


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