Users: Mike1981: axp.png

axp.png

AXP: Textbook expanding triangle. Price failed to move higher and reentered the pattern. First target is half point of the pattern at $45.00.

Comments

Tim KnightTim Knight
Shorted this one today! 7/28/15
Mike1981Mike1981
May still bounce a bit to 78.00 but long term this will let loose to the down side. Maybe Disney stops using them. ;) 7/28/15
OsoEnojadoOsoEnojado
Mirror image of indices. Megaphone 2000-2007-2015 with liftoff starting 1/1/13. A revisit to 1/1/13 for SPX would be 1425, some 32% lower than today. See http://stockcharts.com/public/1092905/chartbook/329539311 and http://stockcharts.com/public/1129702/chartbook/261116718 The bear's dream - here's to a lower future! 7/30/15
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