Wednesday, March 7, 2012

SPX Update

Although the market is retracing some of yesterday's move, it appears we have a pivot down on the SPX. Per my previous note on the Meridian Market Theory (see Here) - here is an updated weekly chart with an analog overlay of the 1994 market. 

As mentioned in my previous note, the current market has been trading very closely to the RSI pivots from 1994. 
*Click chart to enlarge frame