Thread: Time to reset oscillators on the C Fund

Thanks!

Originally Posted by thechartpatterntrader

TSP Brothers and Sisters,

The C Fund is broke out of the a Falling Wedge pattern on the 60 minute chart, which is the SP 500 chart. Now I think we may back test that breakout as the 60 minute chart needs a chance to reset. The Daily chart just had a MACD breakout that may give us a bounce back to resistance once the 60 minute charts have a short term reaction back to support. the bounce could likely be a short term contra-trend.


60 Minute Chart of the SP 500:
http://stockcharts.com/h-sc/ui?s=$SP...754&a=84656486

The Chart Pattern Trader