SP-500 (SP, CME)</a> : Critical Support 1275.8

Posted by Qindex on Sun, 2008-06-22 14:43
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SP-500 (SP, CME) : Critical Support 1275.8

Normal Lower Limits : 1177.8* - 1199.8 - 1210.1
Lower Mid-Point References : 1244.0* - 1255.4 - 1257.9
Weekly Cycle Pivot Centers : (1305.8) - (1310.3*) - (1311.0)
Upper Mid-Point References : 1353.7 - 1366.5 - 1376.6
Normal Upper Limits : 1401.5 - 1422.1 - 1442.8

Weekly Cycle Congested Area : 1083.1 - 1158.9 - (1234.6* - 1310.3* - 1386.0*) - 1461.8 - 1537.5

Remarks : The market is stable when it is consolidating within the weekly cycle pivot centers at (1305.8) - (1310.3*) - (1311.0). Speculative selling pressure will increase if the projected supporting point at 1275.8 fails to hold. The weekly cycle upper mid-point references at 1353.7 - 1366.5 - 1376.6 would serve as short term resistant points. The weekly cycle congested area indicates that the market momentum is strong when it is able to trade above 1386.0*. The monthly cycle normal trading range is defined as 1300.5 - 1478.1.

SP500 : Monthly Cycle Charts
http://www.qindex.com/sp500-future.html
Albert Cheung (Ph. D.)