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Thursday, September 25, 2014 6:48:04 AM
SPX long charts, I'm thinking we need to drop to the bottom of the wedge (maybe the weekly 20 MA) shown in both charts before the final trip to the top. A few things to point out, the last two tops shown on the monthly hit the upper BB which would be an overthrow of the wedge depending on how long it takes. Wedges like a final top overthrow however and this seems typical, even considering that the last two tops failed to hit the prevailing TL at the final top. The -D on the monthly chart needs an acceleration to look right as the last two tops did. A drop to the bottom of the wedge might do it? Click on charts to increase size.
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