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Citrati

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Citrati

Re: JefftDecker post# 900

Tuesday, 09/27/2016 8:57:13 PM

Tuesday, September 27, 2016 8:57:13 PM

Post# of 1057
Yes, it could.
I am watching the wedge formed by the price labels.
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=6&dy=0&id=p20650518246
6 month is all jammed into the apex too.
Little time before it makes a decision. Though sideways in a narrow range is a possibility.
Will also see soon how strong the resistance at the longest VbyP bar is. even if the gap fills resistance won't necessarily be broken yet.
Why I am still on the sidelines with a couple bear etf's and tight money management on being long a stock.
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