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Breakout confirmedCobra wrote:Let's see if we can make a breakout here. I have a little little little little doubt here though.
depends where youre looking?99er wrote:SPX
Breakout?
http://99ercharts.blogspot.com/2011/02/spx_1391.html
Don't see it on the 60-minute chart.
have I not been - if not, I apologize!Me XMan wrote:Please be polite in your postings.
As of yesterday, WTIC still holds the breakout point, so the chart looks bullish. A consolidation over the breakout point would be very bullish.Jennyahwu wrote:Cobra, what do u think of Oil?
thanks
indeed a failed double top. 1 TICK below neck then reversal. SPX 1320 is ~5day MA.Cobra wrote:Critical, breakdown below here will be a small double top. Bull hope a little breakdown then sharply reversal, trapping bears to form a failed double top then the market can go much higher as bear has to run for cover, so critical point here.
wohl~Cobra wrote:Critical, breakdown below here will be a small double top. Bull hope a little breakdown then sharply reversal, trapping bears to form a failed double top then the market can go much higher as bear has to run for cover, so critical point here.