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SP-500 (SP, CME) : Critical Support 1202.7*
Posted By: Qindex
Date: Friday, 4 July 2008, at 3:57 a.m.
SP-500 (SP, CME) : Critical Support 1202.7*
Normal Lower Limits : 1135.3* - 1137.4 - 1162.0
Lower Mid-Point References : 1202.7* - 1204.5 - 1224.4
Weekly Cycle Pivot Centers : (1270.1) - (1271.5) - (1286.9)
Upper Mid-Point References : 1337.5* - 1338.6 - 1349.3
Normal Upper Limits : 1404.9* - 1405.6 - 1411.7Weekly Cycle Congested Area : 1039.0 - 1116.0 - (1193.0 - 1270.1*) - 1347.1 - 1424.1 - 1501.2
Remarks : The market is stable when it is able to consolidate within the weekly cycle pivot centers at (1270.1) - (1271.5) - (1286.9). Speculative selling pressure will increase if the projected supporting point at 1202.7* fails to hold. The weekly cycle upper mid-point references at 1337.5* - 1338.6 - 1349.3would 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 1270.1*.
SP500 : Monthly Cycle Charts
http://www.qindex.com/sp500-future.html
Albert Cheung (Ph. D.)
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