InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,302.40
(
0.46%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.42
(
1.12%
)
Bitcoin
61,539.26
(
1.19%
)
Post# of 51804
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: BlissBull post# 38660

Monday, 06/01/2009 11:44:47 PM

Monday, June 01, 2009 11:44:47 PM

Post# of 51804
BLISS - SPX Maybe A Little More Rally.

It sure looks like the rising wedge on your chart is an ending diagonal. There are other signals of an imminent top such as a diverging stochastic cmopared to price, relatively low volume on a relatively strong up day, and a the strong resistance of the 200 DMA.

The E-wave indicate today was wave 3 of a larger wave 5 or e. There could be a little consolidation at the opening before retesting today's highs.


http://stockcharts.com/h-sc/ui?s=$spx&p=D&yr=0&mn=6&dy=0&id=p75635173805
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

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.

Sign Up