S&P - bear flags on daily chart have ripened. Getting break today. Odds are for move to 1040 -1060 area on this second push down followed by another bear flag and 3rd push down to 1000 area
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S&P Monthly Technicals
- Thread starter ordinary_trader
- Start date
Been a long bear flag on the dailies. Today was the continuation from the flag.
Expecting 1000 area SP soon now - Within Next 5 -7 sessions
Expecting 1000 area SP soon now - Within Next 5 -7 sessions
Quote from ordinary_trader:
Been a long bear flag on the dailies. Today was the continuation from the flag.
Expecting 1000 area SP soon now - Within Next 5 -7 sessions
Me too, I'm thinking 1040 is next support. Hopefully there will be a pullback though, because I thought today would be be a wick and I had no time to switch my position, I need to get another opportunity to enter.
Too many calling for a break of 2009 March lows makes me think it wont happen.
At least not when its expected, the market always surprises.
FoN
At least not when its expected, the market always surprises.
FoN