3:23 - And some wonder why I keep all those lines on the chart - see the diagonal off the October '09 lows (small arrow on left bottom corner. That puppy sits at 44 SPX and I like it. Not as an exact point, but as a nice neighborhood to stop in. It caught every low till the April high and every high since the the June low. As she finally completes the 61% retrace off the high to low.
11:45 - Diagonal resistance holding for now. Dig where that 10m BB went to on the move this AM. Looking at the 20ma on this chart I would be looking at the 31.5 support for any pullback.
11:00 - SPX at the diagonal that provided resistance to the last pop. I simply can not believe that it is here. Last night charting I thought about this level and simply could not consider this diagonal coming back into play. The market is a farce.
I still hold nothing happens till tomorrow at 2:15 when the FOMC announcement.
Different computers different charts on ToS. Work computer has the wedge busted Friday and backtested this morning. We have some clear support levels and a HnS setting up (20030m ma is the neckline here) with RS being formed with this backtest that targets 1100. Bout to get a 30m bear cross on the MACD here. Watch 17. If that cracks gap at 08 should be in play pretty soon.
