2100 will be next future target at golden fibonacci level. however the longterm channel line still in progress confirm with elliot wave theory.
AS UNCLE BEN MAY END QE3 IN 2014. 900 IN PLAY. possible future projection for spx500.
triangular breakout may extend further bullish to 122.
internal bearish rising wedge inside channel line is suggesting that possible bullish continuation to 1.3950 to continue the formation before we see the long term bearish trend to 1.0000 level.
internal bearish rising wedge inside channel line is suggesting that possible bullish continuation to 1.3950 to continue the formation before we see the long term bearish trend to 1.0000 level. however any break of 1.2630 will confirm head and shuolder formation.
1.5550 as resistant 1.4500 to be expected as soon as posible
1.3340 as strong resistant level. however 1.23 in play
BEARISH TRIANGULAR FORMATION HAVE BEEN BREAKDOWN RETRACING THE BREAKOUT. NOW WE ARE EXPECTING THE RETEST BELOW PREVIOUS SUPPORT.
weekly formation is characterized by volatility any break out may go in that direction for sometime.