I was looking at your

    SPX Intraday Views

    Posted by sbwoman on 24th of Oct 2014 at 12:53 pm

    I was looking at your 30 minute cup and handle chart, and squinting my eyes, and seeing the ending diagonal as the handle, and the 1925 low on October 8 as the left shoulder??

    Handles angle down not up.

    Posted by steve on 24th of Oct 2014 at 12:54 pm

    Handles angle down not up.  Simply put, there is not a deep enough pullback to form a proper RS or handle.  This is simply a trend up.

    Got it, thanks!

    Posted by sbwoman on 24th of Oct 2014 at 12:57 pm

    Got it, thanks!

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