Haven't posted here in a while so heres a Gann SP 500 Update:
We are once again perched on the 1987 Gann 1X1. There is a small RSI positive reversal signal forming which tells me this thing still wants to rally and there is a slight chance a higher high could appear in June-July sometime but only slight and I still have strong reasons to believe we saw this cyclical high in early March. I think it more likely the market bounce along off the 1X1 into May or even June before succumbing.
The current Kitchin (4-yr) cycle low should at least test the 1987 zero line now moving up on the even 1000 level and its reaction there will be critical. Failure to me would set expectations for a retest of 2002 lows or worse. Well, getting ahead of things here but at least these are things to make note of for future reference.
Currently my HOM LT SP is on a SELL since March 16, 2005.
However all short term indicators are very strong and CT is in CASH.
On this chart are RAFF market space signals...still on BUY from early 2003!
Best Wishes to ALL,