Sunday, March 24, 2013

Charts 03-24: "Triangle" breakout

/ES futures have broken what looked like a triangle in play.  

Looking for us to wrap up the larger wave 3 this week with an ending-diagonal shape, topping at the level of the 2007 highs.  Then a pullback before a final move up to complete the giant, 13-year megaphone. 

SPX 03-22

1 comment:

Christian Gustafson said...

Hmm .. I bet they can actually keep us up here in the ether until April opex. Jesus.

After that, the market is exhausted and breaks down quickly in a series of violent whipsaws.