Posted Jan 17, 2013 by Martin Armstrong
The next three weeks will be choppy with the primary targets being the weeks of 01/28, 02/11, and 03/11. We have Weekly Bullish Reversals at 1365810 and 1369790. These define the overhead resistance. The Weekly Bearish start at 1309150. Our Minor Month Bullish Reversal stands at 1333180 while the Majors are 1399470, 1412110, and 1428000 just above the 2007 high. The Yearly Bullish Reversal still stands at 1333825. This was not elected at the close of 2012 and remains initial resistance during 2013. Major support for 2013 lies at 1102500-1060500 with initial yearly support at 1165500.
The Daily Bearish Reversals at 1330955, 1329335, 1312900, and 1309480. The key days ahead will be 01/23 with high volatility starting 01/24.