Showing the rate of ascent is decreasing but still can be considered a high base but ascending triangle is gone.
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.
I bet the hoofhearted will break your new channel today as the SPX exceeds 1770. Jimmy Joe has spoken.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Here's the possible Fed move. Since there is no worry about a debt limit deal needing to be made, I feel the Fed won't sugar coat things to keep the market up during talks. They may announce they're considering tapering again to cause a small correction to avoid a bigger one later. This is only speculation on my part and there's only a 40/60 chance of it happening. Just a heads up because I want a November entry and want to buy after a dip. I have redrawn the longer term channel. I have raised my switch line. And I have predetermined the Fed effect. What more could you want. I do think the overall market is more bullish but needs a little rest. This is my 1 cent and I would have to borrow the other cent for this to be worth my two cents.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Cleaner charts for today:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Finally showing some weakness I was expecting.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
You know my friends, I was going to tell you this is a bull flag. I don't think it is. It's and increase of volatility. I won't even say it's a falling wedge which is also a bullish sign. I think it's people buying the dip but more people concerned it the failed test of the five day. This is a first test of the moving averages with this bull thrust we just had. If the 5 day is not recovered, the market will have to believe it short term bearish. This makes my switch line in play and my recent TA good. Ok, my resent guessing better. Remember a rising 5 day makes the market innocent until it's proven otherwise. (Brian Shannonism) So watch the 5 day. I want my setup for November.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Boy is the site quiet. Even though the market currently trying to make me look bad, todays action still has a lower high and lower low today. Now we wait for the market to realize that.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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