Users: Ryan Mallory: S and P 500 Market Analysis 1-11-13

S and P 500 Market Analysis 1-11-13



Only problem I see is in the 60 Minute SPX. Technically, it broke out Wednesday and had super weak follow through. Makes me wonder if instead this could be forming a rising wedge, not a bull flag. Volume confirmation is incorrect. Higher High is on less volume than previous attempts. Not saying your thesis is incorrect, just that confluence isn't overtly strong. 1/12/13
Ryan MalloryRyan Mallory
Good analysis, the only thing on the daily where i mentioned the bull-flag existed, it has already broken out of it. 1/13/13