Users: Tomb: S& P 500 futures.png

S& P 500 futures.png

S&P 500: Still hope for the bears? 
I have been thinking the price action in the major US indices looked like kind of triangle consolidation developing for the last week or so. Here is the way I see the S& P 500. Basically I think we have an a-b-c downside move with the "b" wave an expanding triangle 
Have a great week trading.

Comments

jim1jim1
SP rally stalled at 2085 resistance- these Brexit polls have been all over the place, this week will be interesting. Last I saw was 45% stay, 42% go, that's awfully close. 
 
http://www.marketwatch.com/story/brexit-polls-show-increased- support-for-the-uk-remain-camp-2016-06-20 6/20/16
DinkDink
Very nice, Tomb. I want you to know that you are one whom I respect for your analysis. I have decided to leave Slope for good. I've been so disgusted with the fraudulent claims and whining from TK that I can't ethically remain here and give his website any more presence. I wish you the best of luck, but with your mind and talent I doubt you'll need luck. I hope you can help those here become better analysts, because the state of technical analysis around here is very sad. Farewell. 6/20/16
TombTomb
Dink sorry to see that as I really appreciate the way you see things and have a lot to learn from you. Let me know if you post somewhere else please. Best to ya. 6/20/16
fibomanfiboman
Nice chart 6/20/16