Posted on March 26th, 2008 at 10:59 AM
The 1x2 Gann angle is still holding water on the monthly chart of the S&P Index. Tie that angle together with the 38.2% retracement and I'm looking some some support to kick in on the weekly and daily charts. The monthly charts are a great way to quickly identify the trend and keep the big picture in perspective. Take particular note of the Advanced GET Stochastic pushing below into the oversold area.
Click the image below to obtain a full view of the chart.
~Duane Gott
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