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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Friday, June 22, 2012

6/22 market close update

$spx 5m
$spx bounced off the 6/19 issued short term target dashed brown trend line around 38.2% retrace.  and the bounce up gets to the ... at 1337 day target issued at pre-market.



$rut 1m
$rut bounced off the mid blue pitch fork, also...



$spx 1m micro
$spx completed a lower degree blue X-3 dome formation, which similar to the pattern of ...
$spx moves up in the black channel, $spx reached the day target of 1337 at ...



$spx 10m POR
as blue circled, $spx could be ...
...
...



spx daily pitch forks
$spx is around the mid green pitch fork support ...



$spx remains ... the 60m ... channel ...


volume indicator; $spx
...



short term fear factor ...


$spx 1325 short term bottom reached as this target issued on 6/19 while $spx was at 1363, and reiterated daily for 3 days in a row.
today's day target $spx 1337 exactly reached as this target issued in pre-market update, a 12 points rally.
short term should follow the POR roadmap.
MT and LT, operation X is under way.
everyhthing is scheduled as the cycle.


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have a great weekend!