$SPX 15 Minute: Friday could have been wave d and today could have been wave e, but I still think it expands, which is what I'm presenting below. In either case we should know soon.
$SPX 60 Minute: As long as we hold the uptrend line, there's nothing bearish in structure. Today's decline looks insufficient to be the end of the wedge.
$SPX Daily: Price is consolidating on significant price points, there's no coincidence in that. The resolution to this should be to the upside.
My Watch List: Nothing new to add from yesterday's list.
From My Trading Desk: No trades today.
Happy Trading.
J.D. Rosendahl, Rosey
Monday, November 14, 2011
Stock Charts: Still Looks Wedge Like
| Stock Charts: Still Looks Wedge Like Posted by J.D. Rosendahl at 3:04 PM | Print Page | Email This Post |
Copyright 2010 J.D. Rosendahl. All rights reserved.


