Posted by windyjazz on 22nd of Mar 2011 at 02:15 pm
The bottom of the triangle is very flat and therefore may have
the look of a descending triangle. Volume is light today and this
market may not have a 10 point SPX move to the upside in the cards
today.
spx5, nice wedge developing.. up 1305/ down 1288...
Posted by kobie on 22nd of Mar 2011 at 01:58 pm
Favouring a upside break for now!
A break above the pivot at 1297.42 should kickstart the move up.
http://stockcharts.com/h-sc/ui?s=$SPX&p=5&b=5&g=0&id=p23529330000&listNum=1&a=227648730
Break below 1293.32 will set up the downside target of 1288.
spx5, gap below support was short entry signal.
Posted by kobie on 23rd of Mar 2011 at 11:44 am
http://stockcharts.com/h-sc/ui?s=$SPX&p=5&b=4&g=0&id=p76835194128&a=227648730&listNum=1
spx5, support at the 200MA ?
Posted by kobie on 22nd of Mar 2011 at 02:27 pm
spx5, nice wedge developing.. up 1305
Posted by windyjazz on 22nd of Mar 2011 at 02:15 pm
The bottom of the triangle is very flat and therefore may have the look of a descending triangle. Volume is light today and this market may not have a 10 point SPX move to the upside in the cards today.
Adding salt to injury http://www.zerohedge.com/article/jpmorgan-likelihood-portuguese-government-will-fall-week-looks-high
Posted by simmon on 22nd of Mar 2011 at 02:18 pm
Adding salt to injury
http://www.zerohedge.com/article/jpmorgan-likelihood-portuguese-government-will-fall-week-looks-high