ajtj99's Market Pulse

[n83]

Regarding SPX wedge..connect the apr 21 and apr 30 lows..that line actually was penetrated on friday and the volume was not dropping

connect the dow apr 21 and apr 29 lows and that line was also broken after serving to hold the low on thursday

all depends on time perspective..a wedge or a descending triangle from the apr 27 highs

can view ndx as a rectangular consolidation at lows roughly 1400 to 1435 that could mark a continuation especially with no sustained penetration into the higher end of the consolidation (ie spikes getting sold off)

who knows?