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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble19/16/2014 1:37:19 AM
   of 41062
 
The Epic Price And Sentiment Blow-Off From SPX 442 And The Case For SPX 1227




1. A 50% retrace of 442 -> 2011 takes us to SPX 1227, 784 points lower.

2. That 784 points is the exact distance of the 1553 -> 769 decline. If the action from 1553 is a huge "ABCDE", then "E" would equal "A".

3. SPX 1227 is .618 X 1985: a Price Target reached, and though exceeded, verified by chart action (including the 7/3/14 high and the 9/12/14 close; draw the horizontal line to see the cloud).
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