lowtrade

[lowtrade]

SPX update

I'm not so sure this will continue without continued HFT manipulation. We're looking at another "V" bottom chart. With less then outstanding technical's, for such a strong quick come back. The down fall saw TA support, but come back hasn't. The entry/exit indicators haven't confirmed entry yet and it's run back a hell of a way, without this confirmation. But hey, it's a manipulated "V" bottom to start. So makes sense indicators haven't caught up with price action.

Expect to see at least 1 more day of HFT, before come back reaches "V" bottom first target. Then if it's left up to retail, all the weak TA should kick in and prices could head for the gap fill below. Just don't see any investor phycology supporting a successful "V" bottom pattern continuation, in this chart. First target very possible, but continuation for complete pattern target no. IMO don't enter a "V" bottom trade till 38% FIBs line is crossed. Which hasn't happened yet. Because right now the short term pattern is a bear flag. Which hasn't failed yet.



"V" bottom video;