Financial Market Insights, Forecasts, and Education
Monday, July 18, 2011
Next Stop, 1280-1285
Above is a 30-minute, candlestick chart of SPX. There are three Darvas boxes of approximately equal length stacked upon eachother. Prices have yet to reach the bottom of the third box, which will be around 1280-1285, hence, the price target.
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