Monday, November 12, 2012

S&P500 Potential Downtrend Target


The S&P 500 is in a long-term uptrend on this chart and there were two sharp corrections in 2010 and 2011 (17% and 19.7%). A similar correction (18%) would carry the index to the low 1200s. There is, however, a higher support zone around 1300. The spring lows and channel trend line mark support here.

Source: Stockcharts

1 comment:

Anonymous said...

[url=http://monclerjassenjas.org][img]http://monclerjassenjas.org/bmz_cache/a/a329c9e38e2175f873363788544a9c4e.image.232x310.jpg[/img][/url] [url=http://moncler-jackor.org]Moncler[/url] IukYws XoaDap [url=http://christianlouboutinpascheronline.net]Christian Louboutin[/url] UtwQxs [url=http://www.canadagoosetilbudnorge.com/canada-goose-montebello-parka-red-billig-canada-goose-oslo-pi-81/][img]http://www.canadagoosetilbudnorge.com/bmz_cache/3/3210f63d2898d3ead7b7fed69a1bf46e.image.232x350.jpg[/img][/url] CstLum [url=http://www.true-religionbrandjeans.com]True Religion Jeans[/url] HxzRhr [url=http://asicsonlinejp.com]銈偡銉冦偗銈筟/url]
BddGqe [url=http://www.hogan-schuhe.net]hogan schuhe[/url] [url=http://www.hoganshoes.co.uk/]Hogan Cheap[/url]
NhzRvk [url=http://www.taskaonline.com]Chanel T谩ska[/url]
[url=http://www.monclerjakkevinter.com]moncler[/url] GcaStn [url=http://www.taskaonline.com]Mulberry[/url]
[url=http://www.mbtdk.dk]mbt[/url] BsxTlb [url=http://moncler-jackor.org/moncler-coats-kvinnor-billig-1.html]Moncler Coats[/url]
[url=http://www.mbtdk.dk]mbt sko[/url] XouNtg [url=http://www.hogan-schuhe.net]Hogan[/url]
[url=http://www.hogan-schuhe.net]Hogan Schuhe[/url] GnePds [url=http://www.taskaonline.com]Hermes[/url]
[url=http://www.hogan-schuhe.net]Hogan[/url] LxiXtb [url=http://www.canadagoosetilbudnorge.com]Canada Goose[/url] MhuGmp