I adjusted the 144 day cycle to begin off the May 19th, 2008
high which tells us to be on alert for a potential reversal around
this timeframe. Will it mark some type of low? That remains to be
seen and we'd certainly need to see confirmation. Again, I respect
the trend (price action) and simply keep an eye on possible turn
points (secondary to price).
SPX Daily Cycle - for Gann Followers
Posted by steve on 17th of May 2012 at 12:45 pm
$SPX - Chart Link
I adjusted the 144 day cycle to begin off the May 19th, 2008 high which tells us to be on alert for a potential reversal around this timeframe. Will it mark some type of low? That remains to be seen and we'd certainly need to see confirmation. Again, I respect the trend (price action) and simply keep an eye on possible turn points (secondary to price).
that is an amazing cycle!
Posted by frtaylor on 17th of May 2012 at 12:49 pm
that is an amazing cycle!