ForExtraPips

S&P 500 weekly angles.

Kort
SP:SPX   S&P 500 Index
After the week is over, I'll connect a trend line to the two previous weekly candles highs and lows. Then I'll put a vertical time line where this week's candle will start. And where those trend lines intersect with the vertical line, I'll put a couple of horizontal lines in there for possible support and resistance areas to watch for during the next week's candle. But notice where both trend lines intersect and meet exactly at the same price level for this week's time line. Meaning price is pinched. And the last time that this happened was this past March. And down she fell. Just waiting to see if it goes up to the 2755 area or not first.
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