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The attached 60min SP cash and future charts both show some interesting fibo
hits including the lows today?
The FBS (false bar stochastic) at the bottom of the charts lays the
possible groundwork that a rally should be sold potentially, once overbought
is reached and a sell signal appears (possible real minor wave 4 of wave 5,
prior one is a possible "fooler").
Anyway some reason for a bounce in here (or a real trading bottom of sorts,
time will tell). CSCO seems to have started the ball rolling I see in the
aftermarket I see
Keep in mind this is just a short term analysis of a down impulse move and
an attempt to put structure to the move.
don ewers
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Attachment:
Description: "SP02M60min050702.gif"
Attachment:
Description: "SPC60min050702.gif"
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