2013-10-05_weekly updates on CHAN chart

austinjoe

No major change on monthly and daily chart  as posted for 2 weeks ago -- 2013-09-21_weekly updates on CHAN chart.

1> The rise from Oct 2011 is in 背驰段 on Monthly chart, and it's 2 day 中枢 up trend. Day 中枢 is as following 1266 [1343, 1422] 1474, and 1560 [1627, 1687] 1709.

The 30 min chart shows the 2nd 5F中枢 of the up trend from 08/2013 spx 1627 has overlap with the one from drop of spx 1729 on 09/19/2013, which forms a new 30F中枢 [1678, 1689]. This happened last Friday and I missed it. Red box is 30F中枢, yellow box is 1F中枢, while red circle is 5F中枢 on the 30min chart. Red line is 5F走势, yellow line is 1F走势.

The falling wedge did not work out for bull as bear made a gap down Monday. However, as noted last week, bear could not hit 166x area quickly and there are 2 5F盘整背驰 triggered this past Monday and Thursday for the last 5F中枢 1691.88 [1694.90, 1705.03] 1707.63. Let's see if bull could hit 1695 next Monday to keep 5F中枢震荡 live.

It's kind of messy now as this 5F中枢震荡 is constrained by 30F中枢震荡.