I was going through some of my charts over the weekend and noticed this one had a lot of accuracy, This is why i re-posted it.
What I am doing with this one is that I am combining my own personal system theory along with Gann Theory. The idea is that a market wave moves near exactly like a sine wave and that I have substituted the SMA indicators to use them as degrees of price in time. Notice that some of these MAs such as 45 and 90 will act as a strong support. 180 MA can looked at as being where the positive cycle of the market is moving.
Often, crosses of MAs can call out tops or bottoms. I have yet to study this technique of mine further although it has been very effective. With the 90MA about to cross the 180MA, I would expect that we are about to be near a short term top. The Gann 8/1 line is also an indicator of a change in market trend.
For the next week, I would not expect price to surpass the Gann 8/1 line although as you know, nothing is perfect in Fore Market predictions. I would need to look at the monthlys and weeklys to see if we are limited to this level on my day trading analysis.
Hope This Helps! Feel free to ask me anything anytime. I'm no expert, nor do I claim to know anything at all except I am making good money at what I do! It does seem I am having difficulty to show others what I do and only I am the only one that fully understand mysefl! (:-D)