DJIA 0.31% 26,683 dow jones industrials

sp 500 : heading towards 1266.1

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    SP-500 (SP, CME) : Heading Towards 1266.1

    Remarks : The market is under pressure when it is below the weekly cycle pivot centers at (1288.3). As shown in the monthly cycle charts the market is heading towards 1266.1. The supporting range at 1256.9 - 1266.1 is going to be challenged. The weekly cycle mid-point references at 1341.2 - 1353.0 - 1368.5 would serve as short term resistant points. The weekly cycle congested area suggests that the market has a tendency to trade between 1214.4 - 1296.6 .


    SP500 : Monthly Cycle Charts
    http://www.qindex.com/sp500-future.html
    Albert Cheung (Ph. D.)
 
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