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.
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 ?
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 -
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?
ReplyDeleteHi 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 ?
ReplyDeletehttp://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 -
ReplyDelete