November 23, 2009

SP500 Roadmap & The Best Square of Nine Calculator

Filed under: Trading Technique — tradingfives @ 2:36 pm

This chart could have been drawn on March 6, 2009 to project the path of the bullish counterswing move in the SP500. As you can see the SP500 has pretty much followed the channel as projected. It touched the bottom channel in July and broke the bottom channel boundary in early November but recovered quickly. It’s back of the envelope, quic analysis, but we do not consider the trend “changed” until price breaks out of the Roadmap channel.


SP500 Roadmap Stock Chart

Have you ever tried the best square of nine calculator on the net? It’s online and free.

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