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.
Wednesday, 7 May 2014
S&P...a significant top at last ?
bearish twin towers pattern. Also a bearish TAS pattern (down 6 days up 14 with no new high,reversal) For now today's high is an important marker....bears look to be in with a chance
XLF seems to be leading and we have an evening star reversal confrmed.With luck we will get similar confirmation today on S&P The TAS is a strong pattern
yin yang 2 candle pattern there Fri and Mon, better seen on ES
ReplyDeletejxxd
thn=anks JD....remind me againthe characteristics of a yin/yang patterm=n? i it the same as twin towers ?
DeleteIf bears can break under last Monday's low of 1850...I'll take this seriously...until then..it is nothing we've not seen a hundred times before.
ReplyDelete-
With Yellen tomorrow, the setup could easily be a major bear trap...only to quickly result in new highs.
XLF seems to be leading and we have an evening star reversal confrmed.With luck we will get similar confirmation today on S&P
ReplyDeleteThe TAS is a strong pattern