Analysis: $SPX 1000.00, $IWM 61.00

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Analysis: $SPX 1000.00, $IWM 61.00

Neural Blog, 14th May 2010

Technical Analysis of the markets

Technical Analysis of the markets

Fibonacci Analysis

S&P 500

Click images to enlarge.

Get prepared for a considerable move down with these areas acting like considerable magnets. We have been bearish on the markets since end of April so this come

Look to take out the market lows from last week

Get prepared for a considerable move down with these areas acting like considerable magnets. We have been bearish on the markets since end of April so this comes as no supprise however the recent bounce up to test the 50 SMA as well as multiple Fib level clusters.

Mechanical strategy modeling projections

We have noticed these kinds of patterns from our Fibonacci Analysis as well as proprietary technical analysis based on our strategy models.

Watch Asian markets to lead

We're primarily looking at the Russell leading and watching it for divergence as well as the Asian markets for turn signals.



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