Market Breadth Data******************************

Monday, August 13, 2012

QE III Target for the SP500

3:37 AM European shares open mostly flat-to-lower following Japan's poor but-still-better-than-Europe GDP data, although losses are being kept in check by hopes of stimulus from China and the U.S. despite skepticism about how much such action would achieve. (Reuters)

The chart below should answer that question:











The target zone ranges from 1500 to 1600, and could be narrowed further down to the blue channel.

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.