SP500 Technical Analysis Update

This entry was posted by Tuesday, 19 July, 2011

The SP500 Head and shoulders pattern continues to develop…..

Todays updated Elliott Wave analysis charts are now available for viewing in the Traders Day Trading forums.

 

Sp500 Fibonacci Analysis Chart Update

 

Updated Elliott Wave Analysis Charts

 

 

 

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Category: elliott wave analysis
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  • The Simple Trader

    The fact that the US government cannot agree on how to resolve their impending default will continue to lead markets lower until that is resolved. Could this be the catalyst for declines (head and shoulders)? Maybe. I’m a technical analyst which means I’ll always let the market decide future prices and follow where it goes………..

  • http://www.tradersdaytrading.com/ Kenny

    Hi The Simple Trader, sorry I did not see your comment earlier.

    Yes I agree, technical analysis is the only way to go. Everything we need to know is in the charts.

    Please do come and join the discussions in our new forums…..

    http://financial-trader-online.tradersdaytrading.com/forum.php