Chartists: is the S&P going to break out of this wedge? (chart)

[1a2b3cppp]

Have a look and tell me what you think

 

[Billybob543]

No, it's never going to break out of the wedge....it'll just keeping bouncing between the trendlines for infinity...???

 

[Lucrum]

Quote from 1a2b3cppp:

Have a look and tell me what you think

I think we'll know in the fullness of time.

 

[trefoil]

Quote from Billybob543:

No, it's never going to break out of the wedge....it'll just keeping bouncing between the trendlines for infinity...???

Eempussible. Them lines meet. (Of course, there is a geometry where parallel lines meet, as I recall???)

 

[SnakeEYE]

Quote from Billybob543:

No, it's never going to break out of the wedge....it'll just keeping bouncing between the trendlines for infinity...???

haaaaaahahashechky

 

[1a2b3cppp]

Quote from Billybob543:

No, it's never going to break out of the wedge....it'll just keeping bouncing between the trendlines for infinity...???

You could make a ton of money selling options then!

 

[toc]

looked at it causally only, seems S&P is headed to 1030 to 1000.

 

[volente_00]

Quote from 1a2b3cppp:

Have a look and tell me what you think

right shoulder here says we go to 104 spy next

 

[SnakeEYE]

want truth here its

sp slowly goes to 1260 and the some,by the end of the year - 1444!

spy goes to 126

 

[SnakeEYE]

Also,right shoulder doesnt work this year.SP will go up along with gold.