SPX, 60 Min. Status

By Gary Tanashian of Notes From The Rabbit Hole

NFTRH & Biiwii's Unique Market Perspectives • Aug 15, 2014 at 10:31 AM EDT

Updating the status of the 60 minute chart we observe the following…

The anticipated resistance zone has been acheived.
The gap and bottoming pattern measured target are higher.
RSI is getting over bought (remember, this is just a 60 min. chart) so some disturbance can come about at the resistance zone.
But the gap and 1980+ levels remain viable.
Hey, it’s what the 60 min. chart says.

spx.60min

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