Thursday, February 7, 2013

Intraday 02-07: diamond-top?

What began as a megaphone morphed into a triangle pattern on the other side, and now, taken together, it looks like a diamond-top pattern.

Consumer credit is released during RTH in about 15 minutes; maybe it will give us a good read on what the animal spirits are up to lately.

SPX 02-07 intraday (lunchtime)

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1 comment:

  1. Trading SunsetFebruary 7, 2013 at 4:18 PM

    Always good to see your posts appear in my lists :)

    A diamond top, hmm, yeah, could be that.

    Sure is a messy trading week, if bears can just get a close in the l490s tomorrow, pref <1494, that'd set up next week for at least a hope of lower levels.

    I still foresee though more nonsense ramp into March..and April.

    Its hard to keep level headed in these times.

    Good wishes for tomorrow

    ReplyDelete

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