SPX 01May2010

by GC

Further TA from Serge Perreault

http://dshort.com/charts/guest/Serge-Perreault-100430-spx-daily.gif


http://dshort.com/charts/guest/Serge-Perreault-100430-spx-monthly.gif


I have an initial target of 1163.69 based on gann TA,
also the 55 day EMA is presently at 1167.

There are bearish key reversal candle pairs on both the SPX weekly and daily charts.

I think the decline maybe quick with a turn around Tuesday ?


Kenny Say's >>>>

Thanks for the links GC. I will have a nice sp500 chart to show you later that you might like.

It also calls for a fairly quick decline but I am thinking it is looking like a more sustainable top.