Posted by doodlebug on 17th of Mar 2011 at 02:09 pm
matt -
using your chart with the downward sloping trendline - if that
trendline is neckline could it be an inverse head and shoulder
formation. market is pulling back now (for a possible right
shoulder?
SPX 15 and 5 min
Posted by matt on 17th of Mar 2011 at 12:23 pm
$SPX 15 min
$SPX 5 min
the 15 min chart has rallied up to the downtrend line, otherwise the MACD looks quite positive to me, maybe a bull flag
the same on the 5 min
is it a posible inverse head and shoulder formation
Posted by doodlebug on 17th of Mar 2011 at 02:09 pm
matt -
using your chart with the downward sloping trendline - if that trendline is neckline could it be an inverse head and shoulder formation. market is pulling back now (for a possible right shoulder?
thanx,
60min chart bull flagging aswell......I
Posted by vimal on 17th of Mar 2011 at 01:06 pm
60min chart bull flagging aswell......I think