SPX Update: Pivot Down
Erik Swarts | Mar 08, 2012 04:32AM ET
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 - 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.
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