InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,267.84
(
0.00%
)
US TECH 100
18,204.00
(
0.32%
)
Dow Jones
39,065.26
(
0.00%
)
Brent Oil
81.28
(
-0.04%
)
Bitcoin
67,337.77
(
-0.86%
)
Post# of 51788
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

techcharter

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

techcharter

Re: None

Friday, 05/25/2012 1:26:35 PM

Friday, May 25, 2012 1:26:35 PM

Post# of 51788
SPX near "Triangle" point

Over the past several days the SPX has been trading within a converging range. I use the term "triangle" not as an e-wave, but as a simple description of the price pattern. The price is near the convergence point of the upper and lower edges. A breakout in either direction is about to take place. Buy both puts and calls.


http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=spx&time=&freq=
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) 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