Here is the update on the existing version....I'm sure they're
are other interpretations to consider as well but for now let's
stay consistent with this view.
might just be a double zig-zag, no? Point 27 could be
moved up to 1385 and be a nice looking bearish wedge -- very
over-lappy and very bearish. That band of pivots from 1363 -
1386 is very tough resistance. An over-lappy wedge that
exhausts itself at 1386 could spell trouble. Fifth down day
in a row at support.
I hope -- I'm as bearish as they come right now, but I went on a
vacation (flat in cash) and desperately want a short position.
Let's see if we bounce around this level.
SPX Domed House Updated View
Posted by steve on 11th of Jul 2012 at 09:12 am
$SPX - Chart Link
Here is the update on the existing version....I'm sure they're are other interpretations to consider as well but for now let's stay consistent with this view.
Domed house scenario is looking strong!
Posted by tomW1 on 22nd of Jul 2012 at 07:15 pm
This chart shows how support
Posted by darnelds on 11th of Jul 2012 at 12:09 pm
This chart shows how support and resistance is useful from months ago.
domed house
Posted by dallassteve on 11th of Jul 2012 at 09:48 am
Am I correct: a rally that takes us above point 27 would negate the domed house pattern?
This is certainly an interesting chart that you have been showing for several months.
might just be a double
Posted by kalinm on 11th of Jul 2012 at 11:22 am
might just be a double zig-zag, no? Point 27 could be moved up to 1385 and be a nice looking bearish wedge -- very over-lappy and very bearish. That band of pivots from 1363 - 1386 is very tough resistance. An over-lappy wedge that exhausts itself at 1386 could spell trouble. Fifth down day in a row at support.
kalinm - what you discuss
Posted by steve on 11th of Jul 2012 at 11:51 am
kalinm - what you discuss below would be perfectly reasonable as well.
I hope -- I'm as
Posted by kalinm on 11th of Jul 2012 at 02:36 pm
I hope -- I'm as bearish as they come right now, but I went on a vacation (flat in cash) and desperately want a short position. Let's see if we bounce around this level.
yeesh. The House of Doom
Posted by sbwoman on 11th of Jul 2012 at 09:28 am
yeesh. The House of Doom