Today has a very real potential to complete an ending-diagonal triangle. Up to you to figure out if it is significant or not. Gap up, gap fill, and a steady rally into the close would do it.
I sketched this yesterday while considering the scenario. Bradley turn this weekend, BTW, if you believe in such things.
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| SPX into March opex |
EDIT -- one more quick count, larger degree. This would be one of those broadening wedge tops.
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| SPX expanding wedge? |
No late rally, but we did get a very nice intraday reversal candle, and 1884 would be close enough for a top in this.
ReplyDelete1750 early April ?
ReplyDeleteWhat a thought, it'd then offer a larger H/S formation, although I'm sure you are aware of that.
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Need to break <1830, and then door is open to 1770/50 - its difficult now, since lower weekly bollinger is support in the 1760s.
I like the ring of March 21st 2014 for the history books. Today was a classic long trapper. Hopefully this holds for more than a day, week, month, year. 3 and 21 are fibonacci numbers too.
ReplyDeleteAt least 'hope' doesn't cost any money, although someone out there is wondering how to monetise it.
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A spring high, yes..but maybe not until next month, the 1925/50 zone would make sense.
I see a lot of people talking about the 1940s, I guess there is some kinda fib' level or something there.
Are terms "inflation" "deflation" content-free like "freedom"? Thanks.
ReplyDeleteon board with bicycle and the trip to 2200+. continuing to add longs on pullbacks. 70% long
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