Any thoughts on tomorrow ? just trying to position and anticipate ....more likely down due to the selling pressure today and hit resistance at 1205 to form right shoulder on 60 min?
Thanks.
my 2 cents,
down tomorrow,
entertainment only!!!
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the market's goal is to distribute the wealth of many to as few hands as possible
descending triangle breakdown, tinted area as text book target.
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Given today's action, do you still think more up before restest of lows....at which price would you say the more up chance is eliminated....for example if s&p breaks down below...??? Thanks for your opinion.
Given today's action, do you still think more up before restest of lows....at which price would you say the more up chance is eliminated....for example if s&p breaks down below...??? Thanks for your opinion.
More up was fulfilled this morning (we had a higher high). so in order for me to say more up, I need more evidences. Now, purely from the chart pattern, it's not bearish, as it could be a Bull flag in the forming on the 60 min chart.
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strong close 3 days in a row? Or the 3rd time is different?
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