SPX 60m x4 … a few channels for everyone.. find the two right charts and great example of two channels.. both are right… depending on where we hold/ break and retest
Anyhow.. bottom right bounce sharply off 20d.. and H&S or triangle into the end of the month.. middle bottom.. bounce but fail… and form a bullish falling wedge into the end of the month to test/hold 50d…. top middle.. total failure to the centre trend/gap and worst case 200d. VIX 60m a tad bullish leaning.. more so over the cyan trend.. then I'd lean to a stronger SPX down move. VIX 15m bottom left…failure at resistance/lower support.. then top right SPX fill upper gap new all time highs?
Greece news (or ?) over the weekend/Monday "could" determine the direction and timing of the new release determine the pattern... .. fwiw.
And of course as always price is king.
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
George Soros
... based on that quote.. I'd say top middle chart.. 200d.. LOL! .. the triangles / new highs seem to be the obvious.
