Let me know if I'm confusing you. Sorry if I am. Things are changing on the fly. Luckily is way prior to deadline.:toung:
1638 seems to be bear sell the peaks line. Do you think we're breaking down? Futures had me convinced it was going the other way and I was watching 1640 for confirmation.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Let me know if I'm confusing you. Sorry if I am. Things are changing on the fly. Luckily is way prior to deadline.:toung:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Which way will it go: We are coiled.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Wow the break down before the deadline.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
So what is the confusion? Failed bull flag (Light Blue), Failed IHS after filling gap (green), Failed Double Bottom changes into Descending Triangle (yellow) and finally a Bear Flag is being fought while trying to make the Bull Flag IHS both good again. So tonight I try to figure which will win.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Ok, the blue lines can be defined as a Bull flag. The pattern supporting the blue lines can be defined as a V top. The yellow channel is a Bull flag for the purple channel. We can still pass the head test if the 50 day holds and 1602 to 1596 scares me if they don't hold. Being within the yellow channel, making our projected down from the descending triangle and being about 5% down from our 1687 peak, I'm hoping for a bullish move. Comments welcomed.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
1602.65 is 5% down from 1687. Do you guys think it's enough?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
The SPX closed at the LOD, bounced off the daily 50MA and the 50% fib retrace from the 5/22 high, along with a TL from the Nov 2012 bottom.
I am thinking there is a bounce tomorrow, but what do I know
A gap open below the 50MA tomorrow is really bad. At that point 1540 is probably the initial destination with a brief pause at 1580.
GLTA
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