One more push down that formed divergence and kept pattern
intact would grab my attention should it setup and trigger..this
may take some time to unfold. This weekend has the Crimea
vote and thus not sure how many traders want to play long
aggressively in front of this Ukraine situation. Keep in mind
the SPX Daily and 60 minute charts I posted below which have lower
support levels.
The SPX pushed down as I was hoping within the pattern and has
reversed with a nice quick 10 point move thus far...trail stops
upward/take some profits with some resistance near 1852.
SPX 15
Posted by steve on 14th of Mar 2014 at 10:33 am
$SPX - Chart Link
One more push down that formed divergence and kept pattern intact would grab my attention should it setup and trigger..this may take some time to unfold. This weekend has the Crimea vote and thus not sure how many traders want to play long aggressively in front of this Ukraine situation. Keep in mind the SPX Daily and 60 minute charts I posted below which have lower support levels.
The SPX pushed down as
Posted by steve on 14th of Mar 2014 at 11:52 am
The SPX pushed down as I was hoping within the pattern and has reversed with a nice quick 10 point move thus far...trail stops upward/take some profits with some resistance near 1852.
Thx for this updated chart with comments Steve
Posted by racerick on 14th of Mar 2014 at 11:47 am
And sold within pennies of top, so far. Will see what happens now
Seems like it's getting a
Posted by renko777 on 14th of Mar 2014 at 11:06 am
Seems like it's getting a little divergence here. Maybe a double bottom before it breaks the wedge.