AI
Monday, January 09, 2012 12:11:24 PM
Bob
Here is a more current look at the daily spx chart with a Bullish Fork using the late summer drop to fix the center pivot and the lower tine.. No great conclusions from this take.
A couple points though, we are over bought looking at the stoch's, which makes going higher right here seem problematical.
On the plus side we seem to be consolidating above an important horizontal level (Ted Bruge's stuff) which has 1274.40 as a long standing horizontal line of resistance/support.
Let me add this chart should remain alive for you.
Here is a more current look at the daily spx chart with a Bullish Fork using the late summer drop to fix the center pivot and the lower tine.. No great conclusions from this take.
A couple points though, we are over bought looking at the stoch's, which makes going higher right here seem problematical.
On the plus side we seem to be consolidating above an important horizontal level (Ted Bruge's stuff) which has 1274.40 as a long standing horizontal line of resistance/support.
Let me add this chart should remain alive for you.
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