the end of the correction in the SP500 futures

Hi,

Some of you surely have seen a few posts below on concerns to the development of the correction SP500 futures. At the moment we are at the end of the correction and now you can probably expect an upward movement.

This is shown in the graph drawn resistance (pink rectangle, orange rectangle, fibo and waves).

The only obstacle to failure of the analysis is to generate by investors a second wave X or "tapering flag".

In the case of the flag should not have to see new lows. Only the a correction may take longer time. At the moment, I recommend a long position at 1555 levels with a stop loss points at 1540 points.

Chart 1, SP500 futures, H4, 2013-06-24

best regards,

oscarjp

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