SP500 to 1560-70...Lots of resistence

S&P 500SP

Description

⋅ Jan 28, 2013 3:04 PM

Major area of resistence with an ending wedge at this point and multiple confluence at those levels.

Also ties into previous SP500 high...

Comments

learntotrade30

⋅ Feb 1, 2013 4:35 PM

Do you use the method of drawing from right to left side of chart for confluence zones .ie connies technique

David_CMT_CFA

⋅ Feb 1, 2013 4:39 PM

Based on Elliott count. But i will use Connie's method from time to time. Elliott gives me a better context to view the swings.

learntotrade30

⋅ Feb 1, 2013 4:40 PM

Thanks I am using ellliot counts too but havent tried connie's confluence zones with elliot wave targets yet.