Rising wedge in SPX?

[bsmeter]

Quote from DeepFried:

I guess one possible outcome from here would be busting through the old highs, then pulling back and building a base at the old high.

Let me guess. You don't really trade for a living. Do you?

 

[countryBoy]

Sorry, try this link instead

http://users.tellurian.net/tom/indices/Markets_10_years.htm

 

[onlytronalso]

Much clearer but the same story.
The break after a multi-year diagonal should be devastating.
Not a normal correction.
It looks like an ED, but its a bear trap.

 

[humble1]

I had a HnS breakdown on the Wilshire earlier that had not confirmed yet. The volume action sure does stand out on this.

 

[onlytronalso]

Feel we are having a normal pullback after a rally
SPX support 1295.

 

[SWScapital]

Quote from DeepFried:

Comments?

http://www.stockcharts.com/education/ChartAnalysis/risingWedge.html

 

[swtrader]

rising wedges keep rising until they dont

i think they're about as usefull as elliot wave

 

[5Pillars]

http://www.charthub.com/images/2006/08/29/ESHigherTF_2.png



If the ES breaks 1295.50 today that will be key.....they better like the Fed notes or we are going to have some liquidation today.

 

[DeepFried]

Quote from bsmeter:

Let me guess. You don't really trade for a living. Do you?

I was trying to be charitable and polite to you and your weak commentary but that was clearly a waste of time.

 

[onlytronalso]

My Guru has that as a different pattern entirely