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No idea how far the rebound can go, I see 3 small push up, so might be a small pullback here then 2nd leg rebound then fail? Just a guess based on common pattern, nothing serious.
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you noticed rebound bar became larger and larger? so rebound might be due soon, then we'll see.
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On the daily log chart SPX has a channel which shows support at 1885. If this support breaks daily charts don't offer any "channel" to comfort the bulls. Note - I'm writing about daily charts, I have not controlled the weekly and monthly
Last edited by uempel on Mon Oct 13, 2014 10:38 am, edited 1 time in total.
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exceed mini rebound target would be 1st good news for bulls for today.
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