Thanks Steve, looks Good
Yes, with next week being OEX things will most likely continue to be hectic. I was just looking at the left side of the bowtie and realized it did have a 'diamond' pattern to it after the whiplash Nov1 centered by the big red bar in the middle. If that were to repeat I would think OEX week a good place for it. If we shift the diamond from Oct 17th to this level then I can see where 1330 would be a 'potential' target for a high. I would be leaning more towards a double top at 1295 if we do break to upside from here. Just as around mid Oct I think watching any diamond setup for a break will be worthwhile, but the left end of the Bowtie has me wondering if we get some big headfakes towards the end of the month. Things will certainly be interesting if we trade similar to mid Aug to beginning of Oct, which I am anticipating, but that should mean a lot of range bound trades available.
Really appreciate the charts and hope you have a Fantastic Friday!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
