This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
I hope so - hoping to go short via SPXU tomorrow at some point. What do think about a possible head and shoulders top in process on the 60min SPX? Maybe some relief on oversold conditions and then downward?
Hi there.Iwas looking at the hourly yesterday,this was what I came up with. Possible we break the downward expanding channel and retest the broader channel line ?http://2.bp.blogspot.com/-YreBGkqiJGE/UzFjybQzVoI/AAAAAAAAt1A/TSlYu_mBnE0/s1600/spx.png
Nice! That looks like it worked out well and the broader channel line held...the trader's almanac has a few days down coming up; hopefully history repeats this week. thanks for the chart -