The Nasdaq 100 (NDX) cannot break through the significant 1:1 Gann angle as it provides resistance. If this does happen then price should move higher quickly.
The SP500 Index (SPX) had an accumulation day today but volume did not break the 60 day moving average again.
Charts courtesy of Stockcharts.com
Tags: Accumulation Day · Gann Angle Fan · Nasdaq Charts · Standard and Poor's 500 (SP500) · Volume2 Comments
2 responses so far ↓
morning Andy, looks like we still go up, looking forward to your 1350, area on S&P, check out the ?? 60 day cycles plus or minus that started in aug,07, interesting but may not continue, saw this on knights sight, if he is right then we could fall around16th, or do we go higher? I’m still sticking with your theory for a 61% C wave on the 1450 area, election time, gotta play the psychy side of the herd mentallity this time, check out (V) looks like a possible 3 up forming, good for 10-15 $ to up side, Pricey but nice volume. Coal small stock NCOC, china is back online, Thanks for everything you do Andy, Keep up the good work.
Libby - I’ll check it out this weekend. It is possible the move up is quick and then a rollover in a couple weeks. I believe I read last year the while September is a very weak month, the first week to 10 days is often strong. Off the the mountains again…