SPX intrady update (Part 1)

Friday, May 8, 2009

Choppy day and possible triangle on SPX.


SPX daily update

This is my count (for the both sides). As i told, for the bulls was a great opportunity to enter long and for the bears (like me) was a great day :)). This pattern does not guarantee anything so the bears must be caution. It's need some king of confirmation like broken trend line, daily lower low, MA's broken, etc.



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