S&P 500 Trend Lines - It ain't over till the fat lady sings, BUT
She looks to be warming up. Here are the simplest yet best trend lines that I can come up with. Note that there is still a larger wedge that can take us into the February time frame.
Daily - Note the large doji candle the day it breaks out of the rising wedge. The big boys then tried to take advantage of the low volume over the holidays to pump it back up, but yesterday with the market back in full swing it crashed back down.
4h - Holding on that trend line, but can't break back into the wedge lines.
Daily - Note the large doji candle the day it breaks out of the rising wedge. The big boys then tried to take advantage of the low volume over the holidays to pump it back up, but yesterday with the market back in full swing it crashed back down.
4h - Holding on that trend line, but can't break back into the wedge lines.
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If it matters to you, the NASDAQ broke out of its rising wedge yesterday.
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An extra purple trend line and wedge that seems to be very important.
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Channels that look like they define the top.
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S&P above all my trend lines. Breakout or last gasp?
