Take a look at TZA and SPX on an Hourly Chart. TZA looks like it's going to form an H&S, while SPY looks like it's going to chart out an inverse H&S. So we could just pullback tomorrow to like 1070-1075, before moving higher and breaking through the neckline and all the resistance around 1105-1106.
do we need to test the falling wedge upper trendline?
Dow jones end of day analysis
http://niftychartsandpatterns.blogspot.com/2010…
Thank you!!!!!!!!!!!
Take a look at TZA and SPX on an Hourly Chart. TZA looks like it's going to form an H&S, while SPY looks like it's going to chart out an inverse H&S. So we could just pullback tomorrow to like 1070-1075, before moving higher and breaking through the neckline and all the resistance around 1105-1106.
It is considering that we were up big time and the BULLS could not hold on!
Notice the volume osc held resistance as I said it would on Friday. As did Red.
Pretty reverse div. The market speaks to those that can hear.
http://www.screencast.com/users/has001u/folders…
I'll take whatever they give me at this point Monica…
Red, it may not be a lot of red, but I am sure happy to see some red!
Dow jones cci indicators clearly showed weakness by breaking the trendline before dow broke its trendline.
http://niftychartsandpatterns.blogspot.com/2010…
You too Rip I think we shall be just fine 🙂
Thanks, Anna, and good luck!