8.20am Amsterdam
S&P future is trading around 910.
You can see the daily chart above. I expect a 4th trendline(fanline) to be broken and then we will see a pull back..
The move from January on is so far between 670-930.
50% retracement = 800 BIG LEVEL
38% retracement= 832 Another BIG level
62% retracement = 770 Big level.
With the rally taking the market up to 970 the numbers will be:
50%= 820
38%=856
62%=785
With the target 1000
50%=835
38%=875
62%=795
with all these numbers on hand, I think the one should start buying when S&P trades 875,but thinking that it wont break through 930-940 range, I hope to buy from 830s.We will see.
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