GANN’s 50% rule

131G50% 132For the S&P500, price has made a 50% retracement of the recent decline, this is akin to the centre of gravity and the first point of resistance. It can still go higher and push through the barrier if the trend is bullish. Planetary wise, price closed with Mercury and Pluto.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s