Replies to post #152468 on Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - Symmetrical Triangle

for Friday, April 27, 2018

Symmetrical Triangles - Explained
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139529217

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Thursday update

Posted on April 26, 2018

by tony caldaro

REVIEW

https://caldaro.wordpress.com/


LONG TERM: Uptrend


MEDIUM TERM: Downtrend


SHORT TERM: Gap up and go kind of day, DOW +239

The market gapped up at the open today
for the second time this week.

Oddly enough,
even without any gap down openings,
the market is still down for the week.

After dropping
from SPX 2684 to 2613 by Wednesday,
the market rallied back to 2676 today.

Has anyone said
this is bi-polar activity yet?

Wildly swinging days/weeks,
going on for three months,
all within a 300-point range.

Triangle,
double-three,
still looks like corrective activity.

Short term support
rises back to the 2656 and 2632 pivots,
with resistance at the 2731 and 2780 pivots.

Short term momentum
ends the day just below overbought.


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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=3&mn=0&dy=0&id=p16291900332



















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