Replies to post #78333 on ajtj99's Market Pulse

[ajtj99]

Action on the NDX 60-minute since the 1619 low traced out a pretty good descending triangle, which is targeting the gap at 1600 NDX. We should fill that this morning:

http://stockcharts.com/h-sc/ui?c=$ndx,uu[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub...

That's the buy area, IMO.

[plexxus]

LG sure enough a bear flag it was...

http://stockcharts.com/h-sc/ui?s=spy&p=60&yr=0&mn=1&dy=0&id=p87460938903&a=7...