Replies to post #147054 on ajtj99's Market Pulse

[ajtj99]

Yes, it looks like an ending diagonal on that chart, which is a bullish formation. It could still make one more low and remain valid.

[LG]

ItsAllCyclical: On your five minute chart, try drawing a bearish pennant starting with the intraday pivot low around noon thirty Central Time for the support line. (Try using the SPY, since it is actually traded.)

A break to the norm or a negative break should provide you with the clue you seek...grasshopper.