- Posted April 10, 2012 by
Market steps down high profit ladder
The S&P has begun an orderly stepping down to the next bottom. This stepping down effect typically can be easily measured and forecasted by utilizing an easy to use indicator from www.Andrewscourse.com, where it is referred to the profit ladder. Prices have shown a tendency to find support and resistance at these lines. By combining this indicator with the sand bar indicator, the next step on the ladder is within reach this week and is likely to be hit. There after the next target is the 126 area which is possible by the end of the week.