Trading below the down angle implies, however, that the index remains in a weak position and lower targets should be considered. The next lower Sq9 target is 1993.
Friday, December 11, 2015
$SPY and Sq9 Levels
The SPX found resistance at an exact Sq9 projection from the Sept. 29th low (orange dotted line), and then declined 135 degrees from the December 2nd high to find support at 2038 (purple dotted line):
Trading below the down angle implies, however, that the index remains in a weak position and lower targets should be considered. The next lower Sq9 target is 1993.
Trading below the down angle implies, however, that the index remains in a weak position and lower targets should be considered. The next lower Sq9 target is 1993.
