Thursday, May 21, 2015 10:19:23 AM
The Matrix Has You
http://www.pretzelcharts.com/
"I am sincerely hoping this is the last super-short update for a while, and that we can return to our regularly-scheduled programming next week.
Since last update, the market has continued to stall at resistance, but there's (still!) been little in the way of definitive pattern clarification yet. Below, I've noted the obvious potentials. Frankly, the massive bull nest looks a bit far-fetched, so I'm more inclined to think this is a terminal pattern."
"Even viewed from a simple classic TA perspective, things are still pretty gray ("grey" if you're British):"
"In conclusion, this is still the most inconclusive pattern I can recall seeing in years, and I'm seriously considering taking the red pill. This still has the feel of a terminal pattern, but it's one that could certainly continue to grind sideways for a while. As noted previously: If bulls can sustain a breakout, then bears might consider taking a "watch and wait" approach for a time. Trade safe."
http://www.pretzelcharts.com/
"I am sincerely hoping this is the last super-short update for a while, and that we can return to our regularly-scheduled programming next week.
Since last update, the market has continued to stall at resistance, but there's (still!) been little in the way of definitive pattern clarification yet. Below, I've noted the obvious potentials. Frankly, the massive bull nest looks a bit far-fetched, so I'm more inclined to think this is a terminal pattern."
"Even viewed from a simple classic TA perspective, things are still pretty gray ("grey" if you're British):"
"In conclusion, this is still the most inconclusive pattern I can recall seeing in years, and I'm seriously considering taking the red pill. This still has the feel of a terminal pattern, but it's one that could certainly continue to grind sideways for a while. As noted previously: If bulls can sustain a breakout, then bears might consider taking a "watch and wait" approach for a time. Trade safe."
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
