Market Scheming

Tuesday, December 7, 2010

S&P 500 - December 7th, 2010


Weekly chart of the S&P 500: Interactive Charts powered by freestockcharts.com

Hello 61.8% retracement.  Today candle stick pattern was a Shooting Star

Lets attempt to overlay some Elliot wave



A bearish candle, off a 61.8% retractment is interesting.  Tomorrow look for confirmation.


On the monthly, it is always nice to see where we are currently over the longer term.

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