First up tonight, a continuation of today's 30-minute SPX chart:
Next, a screen shot of the Daily SPX chart:
And finally, the Weekly SPX chart:
Anything stand out here?
Maybe eerily similar patterns, rounding tops bumping down off of down trending channel lines.
A
4 comments:
Nice look at the fractals, Allan.
Feels like (that's a technical term) this move is in slow motion, like May 29 to July 15, 2008.
Any thing stand out here? Yup!
*IF* the markets are going to rally, this is exactly the setup I would expect. Rising to the top of a down trend channel, a pull back, then punching through. Your daily oscillator supports this since it is in "buy" territory. I hope I'm wrong and the weekly is right. I don't like it when the daily and weekly oscillators are out of sinc.
- cramar
Can't you put up a ballad by Debbie Gibson?
You done effed me up again with your damn charts on FAZ.
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