Sunday, July 29, 2012

Bradley Model Right on time!

Right on time! The Bradley model 7/28 trend change date looks like it will be to the upside, not the downside, like the 2012 Bradley graph shows. The Bradley model major dates tell us when to look for a trend change, not the direction(many times the direction is the same as the graph). Next resistance I see is a gap at 13200 and the monthly R1 pivot point is close by at 13197. We get new monthly pivot points for August this Wednesday. For this rally to have legs, we need to stay above 13,000 or we could fall back to 12,675(open gap). A close above 13,310(R1), and we could rally to the yearly R2 pivot point at 14,400(1530 on the S&P).