Sunday, 15 September 2013

Weekly Cash SP500 Chart For September 15, 2013




Nothing new to say about this time level. With last week’s rally we can be confident that the recent low marks the end of the Medium-level Beta pulse. If so, and if our contention that this chart remains bearish is correct, the current Delta pulse up should fail to retrace back to the August 2 high.

Emphasis must now be placed on the daily chart.

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