I favor a break to the upside on the SPX triangle based on the
ABCDE, and there is a gap to fill, we'll see...
Really instead of a
triangle, it's more of a channel, we held the channel steve
had drawn over the weekend
Otherwise, the Russell 2000 is lagging, so that's a negative and
concerns me. Today is a chop/slop day, low volume day, feels
like people are still on vacation
I favor a break to
Market appears to be forming a triangle
Posted by matt on 1st of Jun 2010 at 01:34 pm
I favor a break to the upside on the SPX triangle based on the ABCDE, and there is a gap to fill, we'll see...
Really instead of a triangle, it's more of a channel, we held the channel steve had drawn over the weekend
Otherwise, the Russell 2000 is lagging, so that's a negative and concerns me. Today is a chop/slop day, low volume day, feels like people are still on vacation
Triangle
Posted by fehro on 1st of Jun 2010 at 01:42 pm
top break also roughly measures to fill the gap.