With yesterday’s strong uptrending price bar in place the odds have risen significantly that the intermediate term x-pulse is now in on the cash S&P500. If so, it would mean that the y-pulse is now forming and our price model tells us where resistance lies (see chart). In particular, I am watching the 1365-67 and 1385-87 levels.Wednesday 19 March 2008
Y-Pulse Underway?
With yesterday’s strong uptrending price bar in place the odds have risen significantly that the intermediate term x-pulse is now in on the cash S&P500. If so, it would mean that the y-pulse is now forming and our price model tells us where resistance lies (see chart). In particular, I am watching the 1365-67 and 1385-87 levels.
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