Wednesday, May 19, 2010

S&P - Potential Time Confluence 5/25/10


Tuesday 5/25/10 is a confluence of the following trading days measuring from prior swing points in SPX:

8, 13, 21, 62, 89, 161, 233, 377, 617(618-1)

and
130 = 10x13
339 = (34x10)-1
552 = (55x10)+2

5/25/10 area +/- a trading day or two is a time to be alert for possible reversal in market, albeit probably a fairly short term reversal.

Kim Rice 5/19/10

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