Location Denver, CO
Trading Instruments • Stocks
Member Since 6/1/12
All Pages Stacked
December ES weekly candle showing indecision
$NYA hanging by a thread.
SPY wedge is still in control.
$SPX monthly. 2485 may be a tough wall to hurdle. Give credit to Northy for pointing out this level.
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.