Appears the diamond on the

    SPX 5 min

    Posted by timsufo on 8th of Apr 2020 at 10:42 am

    Appears the diamond on the SPY 5 min chart is about done. Looking for breakout direction.

    I don't really look for

    Posted by vinylchild on 8th of Apr 2020 at 10:46 am

    I don't really look for diamond patterns because they don't really help me make decisions as well as other set ups.  I'm predicting OPEC will be a flop and ppl will sell the news into the weekend.  Can't see why there would be an optimistic break that lasts very long especially with all the negative news out there.  I'm still short holding only bearish ETF's for now.  I have been wrong this week on a move though so my hot streak is over.  It was great while it lasted.

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