Gann the Man ft. the S&P 500

• Posted by Greg Harmon
• on February 14th, 2014

A simple chart to end the week. A Gann Fan. The premise of the Fan is that price will move most of the time within the 1/2 and 2/1 lines and generally stay close the to 1/1 line, a 45% angle between price and time. The S&P 500 has held to this since the March 2009 lows. Starting with a sharp rise along the 1/8 line and falling back through time to the 1/1 line. The correction of 2012 took it below but it stayed well above the 2/1 line and has been using the 1/1 line as resistance ever since. The latest pullback now looks to be heading back to that 1/1 line. The simpleness here is the beauty and the message. The rally is strong, holding near the 1/1 line for over 2 years as it sails higher. Nearly Mystical. Maybe even Van the Man would like this.

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