AI
Wednesday, May 16, 2018 12:06:02 PM
Market Reaches Inflection Point
http://www.pretzelcharts.com/
"We're going to get right into the charts today, starting with INDU:"
"We have an interesting bar on the daily:"
"And looking at the other side of the trade:"
"In conclusion, this is likely an important inflection point for the upcoming sessions. If SPX holds this back-test and sustains a breakout over 2743, then bulls would seem to be in the clear for the near-term. If this most recent trend line breakout whipsaws, then that would be a bearish signal. Trade safe."
http://www.pretzelcharts.com/
"We're going to get right into the charts today, starting with INDU:"
"We have an interesting bar on the daily:"
"And looking at the other side of the trade:"
"In conclusion, this is likely an important inflection point for the upcoming sessions. If SPX holds this back-test and sustains a breakout over 2743, then bulls would seem to be in the clear for the near-term. If this most recent trend line breakout whipsaws, then that would be a bearish signal. 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.
