Melbourne Qindex 09:35 GMT March 29, 2012 - My Profile
S&P 500 : Critical Point 1411.2 : Reply
Entry: Target: Stop:
S&P 500 : Critical Point 1411.2
The monthly cycle congested area indicates that the market has a tendency to trade within 1326.1 and 1412.2. A critical barrier is positioning at 1407.7 // 1411.2. As shown in the monthly cycle charts the market is under pressure when it is rejected from the barrier at 1401.4 // 1402.9. The recent high is 1407.8 (Mar 23). The odds are in favour of maintaining a short position.
SP 500 : Monthly Cycle Charts