coincidentally Matt, your 60 minute chart scenario of the SPX
ties in with the end of month/ beginning of month bullish cycle. I
can email you the complete text of how that works, but basically it
states that a lot of fresh buying from the hedge funds, 401k
plans, etc. do a lot of their buying in the first 2 or 3 days of
the month which validates the head and shoulders scenario that you
have outlined as a possible outcome where the SPX will be headed
over the next 7 to 10 days (if it plays out that way). HW1nyc
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SPX 60 min
Posted by matt on 2nd of Mar 2014 at 11:21 pm
$SPX - Chart Link
Title: end of month/ beginning
Posted by hweinstein4 on 2nd of Mar 2014 at 11:27 pm
coincidentally Matt, your 60 minute chart scenario of the SPX ties in with the end of month/ beginning of month bullish cycle. I can email you the complete text of how that works, but basically it states that a lot of fresh buying from the hedge funds, 401k plans, etc. do a lot of their buying in the first 2 or 3 days of the month which validates the head and shoulders scenario that you have outlined as a possible outcome where the SPX will be headed over the next 7 to 10 days (if it plays out that way). HW1nyc