Price of the SP500 Index (SPX) touched the 1×4 Gann angle today and bounced. I am watching a retest of this level closely for a possible low. If price breaks through this angle then the 900ish level is one to watch. Continue reading
SPX Hit 1×4 Gann Angle of 2002-2007 Range
October 6th, 2008 2 Comments
Tags: Gann Angle Fan · Square of Range · Standard and Poor's 500 (S&P500)
Gold In Weak Position
October 6th, 2008 12 Comments
StreetTracks Gold ETF (GLD) shows price has made two runs at the 1×1 Gann angle. The first try did break through but price quickly lost momentum. The second try also failed with last week showing a large outside range bar to the downside. Continue reading
Tags: Gann Angle Fan · Gold