I completely agree with the setup. I think we will break above
the trend line trapping Bulls thinking that breakout is coming and
then close below the trend line and continue to go down. 20d and
50d will be broken but by not much may be 2-3 points
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30 min SPX
Posted by marketguy on 22nd of Mar 2011 at 07:07 pm
bull flags as far as the eye can see....
I completely agree with the
Posted by simmon on 22nd of Mar 2011 at 07:23 pm
I completely agree with the setup. I think we will break above the trend line trapping Bulls thinking that breakout is coming and then close below the trend line and continue to go down. 20d and 50d will be broken but by not much may be 2-3 points