Quote from stock_trad3r:
your TA indicators may tell you the deatcat bounce will complete for the S&P, but that is from a purely technical perspective. however, the S&P is driven by earnings and teconomic outlook actually. Short term (1-10 minutes duration) there may be some tradable patterns but TA doesn't work for longer term forcasting.
WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dear god, do you just make this up on a whim????
S&P driven by earnings huh? human emotion has nothing to do with it???
TA is BRILLIANT for loger term forcasting.