AI
Saturday, March 05, 2016 10:57:03 AM
SPX daily chart - I have marked an upper lime green horizontal price zone that represents one possible "bear's last stand" price region -
* more upside travel distance to come is not to be doubted based on the link's complete explanation of Double-Bottom Reversals:
"Breaking resistance from the highest point between the troughs completes the Double Bottom Reversal. This too should occur with an increase in volume and/or an accelerated ascent."
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_reversal
* more upside travel distance to come is not to be doubted based on the link's complete explanation of Double-Bottom Reversals:
"Breaking resistance from the highest point between the troughs completes the Double Bottom Reversal. This too should occur with an increase in volume and/or an accelerated ascent."
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_reversal
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