There is a big battle going on at the larger trendlines. The SPX upper flag trendline and a potential right shoulder area are giving the bulls a very tough time. As for the Head and Shoulders pattern, price wise we are at the left shoulder levels exactly, time wise we did exceed the perfect spot, [...]
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These are charts of the SPX and DJI. On Sept 21, I posted that a potential trendline was nearing on the SPX and DJI indices. 14:36] <ninja> 818 – 25 next DJI resist area imo [14:42] <ninja> is testing the tl fwiw SPX 47.7′s [14:45] <ninja> this is a HUGE area for SPX imo [14:45] [...]
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http://www.canadafinance.net/the-two-big-potential-patterns/ On Sept 14th I posted an article about 2 conflicting patterns, (above link). As the week progressed the indices continued to hold support and consolidated higher. Today the indices broke out over important resistances, as seen on an updated chart of the SPX. This breakout has potential to be longer term bullish, however there [...]
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