October 26, 2010

Morning Post, SPX, S&P 500, e-mini

12:30 SPX ascending triangle

30m comparison chart -  Financials lagging TRAN and COMP holding up the best so far.

Minis 4hr - Down a bit at midnight.

The old wedge support is now dashed and the new one has been lowered. I have not raised the upper. Not so sure if that it the right move yet or not. Lowering support lines can be common as wedges play out. Note where the old wedge ended/apexed up and to the right on Wednesday.

blog comments powered by Disqus