Timing For a Possible High on S&P, Nasdaq - 12 Oct

By Mark Braun
12 October 2009 @ 09:27 am EDT

So far we’re not seeing any serious problems with the index rally on the way to targets. We should be able to see the daily targets visible on cash and futures charts.

Index Timing Factors: Most prominent on the ES daily chart, there’s the possibility of a time/price square if the targets at 1093 or 1115 are met on October 15th or 19th. That’s the strongest timing factor we’re facing at the moment and those target levels would be significantly amplified in strength if seen on those dates. Slight timing resistance on Nasdaq tomorrow, October 13th. Focus of timing resistance on SPX and Nasdaq cash charts showing October 21st – 23rd.

ES Daily:

S&P Cash Daily, targets 1098-1100 (1100 major target), then 1115-1117:

Nasdaq Cash Daily, targets 1781 and 1815:

Mark Braun – Market Geometry

www.mjbraun.net

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