sp 500 : critical resistant point at

SP-500 (SP, CME) : Critical Resistant Point at 1340.00



Remarks : In the last session the market (March contract) ) hit the low and the high at 1286.5 and 1324.3 respectively. The market momentum is strong when it is above the weekly cycle pivot center at (1296.6). Speculative buying interest will increase when the market is able to trade above a projected resistant point at 1340.00. As shown in the monthly cycle charts the market is basically vibrating around the projected chart point at 1303.4 with an expected magnitude of 1266.1 - 1340.7 for the time being. The weekly cycle mid-point references at 1341.2 - 1353.0 - 1368.5 would serve as short term resistant points. The weekly cycle congested area suggests that the market has a tendency to trade between 1214.4 - 1296.6 .


SP500 : Monthly Cycle Charts
http://www.qindex.com/sp500-future.html
Albert Cheung (Ph. D.)