vimal - the first SPX 15 minute chart simply shows the
contracting trendlines and do not suggest a direction.
The second chart shows a possible combination correction
(closest thing to current action that I can see) that would argue
for an Upside resolution ONCE COMPLETE.
Again, there are valid options in both directions so simply
respect a CONFIRMED break of the trendlines and associated
pivots.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
vimal - the first SPX
SPX 15 Trendlines and Possible Complex Pattern
Posted by steve on 9th of Mar 2011 at 11:55 am
vimal - the first SPX 15 minute chart simply shows the contracting trendlines and do not suggest a direction.
The second chart shows a possible combination correction (closest thing to current action that I can see) that would argue for an Upside resolution ONCE COMPLETE.
Again, there are valid options in both directions so simply respect a CONFIRMED break of the trendlines and associated pivots.