ajtj99's Market Pulse

[LG]

plexxus: IMO the SPY's consolidation following this drop did not plot out a discernable pattern when controlling pattern trend lines are drawn less randomly. So, one can go to associated Indexes to look for guidance or confirmation of expectationis, such as the SPX itself...

My TradeStation SPX (S&P 500 Index) 65-Minute Semi-log Chart
The white line illustrates an inverted pole and the blue lines illustrate a well defined bearish pennant. Which as I compose this post has broken to the norm.



LG