SP500 Gann Angle Review
The market has moved so far so quickly therefore it's time to review the Gann angles and percentages on the SP500. Once again the SP500 has bounced of a wall only to hit another wall. Yep it is trapped!
Previous posts on the same subject:
SP500
Gann Angle Review
SP500
short term cycle review - UPDATED (yep we got the bounce)
Points:
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The Gann Percentages on the SPY (SP500 Etf) are working a charm. See the 16.6% work on the down and then the up swing.
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We are back at the red bearish 1x1 Gann Angle, price action around this level Mon -Tues will be very interesting. Break out or break down are the only choices.
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The SPY 13 period cycle is very statistically significant, 7 winners out of 8, maybe a another winner next week. OEX option boys love this cycle.
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If Stocks roll over, anti correlated assets roll up (USD, TLT, DOOM[?])
Euro bearish news could strike at any time. Apparently the 9th and 19th December a big bond dates in the Europe.
And you can have another go
RTT Quote.."So far this pick is working like a dream, members had a full month to take advantage of this before the www public.Ref: Seven SP500 bear market trades that won - Number 8 trade so far so good"..
The Charts..
..and the short term cycle supports a small sell off at the very least..
Members: The SP500 has cycles between these ranges: 9-13, 19-22, 30-36,66-90. Keep an eye on these.
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