Location Denver, CO
Trading Instruments • Stocks
Member Since 6/1/12
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DIA weekly testing 8 year resistance trend line
Note the Island Formation and breakaway gap.
INDU triangle. For it's limitations of having only 30 stocks, INDU respects patterns more than the other indexes.
Seems like the safe play for now is short volatility.
$NDX overbought and at resistance.
Long term SPX Fib targets
SPX with longer term moving averages. Still a long ways down to the 100 MA, the 200 MA, and the "Green Line" 250...
SPX with shorter term moving averages. Two daily closes below 50 DMA.
Notice the pattern of gap fills.
To infinity and beyond......... Or not
Double Bottom target of 20585 remains. Earliest target date is early early March which also fits with my $SPX tar...
$NYA still unable to close all time high.