Regarding the H&S on SPX.
Head was at 1220, neckline 1040, gives us a 180 point move down to 860 which was a significant area of support numerous time on weekl charts in October 2009 and November 2009.
So if we get 860 on SPX and assuming XJO is to 100% correlate then we are heading towards XJO 3569.
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Last
8,773.5 |
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