Replies to post #146436 on ajtj99's Market Pulse

[TREND1]

Jerry you wrote
"and i am not so sure we have seen the highs off the March lows yet "

Spoken like a true trend follower.
What close on SPX would change your trend ?

[DougS.]

I'm sort of between you and AJ. I think we're seeing a high of sorts right now. Lots of steep rising support everywhere you look. A lot of them in quasi-wedge formations. But I suspect we'll have a backtest attempt of those support lines if we break them. So maybe a slightly higher high a few weeks down the road if they decide to take it down here.