http://www.technicaltrades.net/2006/06/23/spx/ Technical Analysis applied to Stocks and Futures. Tue, 06 Jan 2009 05:30:16 +0000 http://wordpress.org/?v=2.0.3 http://www.technicaltrades.net/2006/06/23/spx/#comment-10 Sun, 25 Jun 2006 17:00:20 +0000 http://www.technicaltrades.net/2006/06/23/spx/#comment-10 Further to this chart, I have done the weekly here http://www.technicaltrades.net//?p=72 and I suspect that the red 3 in this daily chart is actually a weekly C corrective. So while that daily 3 low or the weekly potential C holds the market has a major support area in place. I will post some comments later about VIX closing over 18.00 2 weeks ago on June 9th. That price action relative to Bollinger Bands (a measure of volatility) shows a very very high potential for bullish reversal here. Further to this chart, I have done the weekly here http://www.technicaltrades.net//?p=72 and I suspect that the red 3 in this daily chart is actually a weekly C corrective. So while that daily 3 low or the weekly potential C holds the market has a major support area in place. I will post some comments later about VIX closing over 18.00 2 weeks ago on June 9th. That price action relative to Bollinger Bands (a measure of volatility) shows a very very high potential for bullish reversal here.

]]>