PATTERNS: ALL MAJOR INDICES TESTING POST-2016 TRENDLINE SUPPORT
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SPX Technical Update 2017 02 25
Last update we were looking for a lift to 2300 for the SPX, where we were watching for potential resistance. This was based on Fibonacci extensions, and we can see the market has followed them well. Resistance did occur and the market held at the 2300 level for 2 weeks before finally breaking through. The […]
S&P Long-Term View: Controlling Channels & S/R’s
Market broke down from green support, spiked in to HPTZ(C2) and bounced back to the previous purple s/r beside HPTZ(C1). Retest of green s/r would be normal market movement; a break up through this could see a move back to D1; pattern allows for a lift all the way back to D2 and still be […]