Thursday, September 18, 2008

Cash S&P Prior Value Area


Chart 1: Market Profile of the Cash S&P from January through October 2004. After rallying for most of 2003, the market entered a period of rotation and came into balance around 1125.


Chart 2: Weekly Cash S&P. The red box highlights the 2004 10-month balance. Will this prior Value Area provide some support?

SRS

No comments: