BigTrends

Yesterday's SPX close gave us a very nice confirmed bullish Percent R re-test on the Daily Chart. It also had a successful test of key middle levels on the Hourly Chart. If you are using charting software, we utilize different inputs, levels, techniques on our Percent R analysis than are the defaults on most programs -- BigTrends founder Price Headley and others in our firm have developed methods for smoothing out and utilizing Williams Percent R that are not really being used by anyone else that I'm aware of. And the nice thing about this indicator is that it can often be a "leading indicator" as opposed to a lagging one, which is basically the "Holy Grail" of most technical analysis.

Quick thought: 850 coming on SPX, will 900 be tested soon or do we pull back into a range?