S&P500 FUTURES DAILY 1987 RISING WEDGE BEFORE THE CRASH

Description

⋅ Apr 30, 2014 3:53 PM

Daily chart showing the formation in the S&P500 futures leading up to the crash of 1987 on Monday, October 19.

This is a reference chart for all to remember and take note of.

This pattern has revealed itself in many other markets, many other times and is a useful reference.

crash

Comments

timwest

⋅ Apr 30, 2014 4:15 PM

AYosof

⋅ Apr 30, 2014 5:28 PM

Daily, looking forward approx. when it is due? mid may?

timwest

⋅ Apr 30, 2014 5:44 PM

One day at a time. If FB gets under $56, then look for $50. If $50 breaks then look for $43. Then lastly $32-$28.

CosmicDust

⋅ Apr 30, 2014 4:14 PM

Nice chart! I think if ever this kind crash happens again, the Fed will be surely stepping in to save the day. It NEVER pays to sell panically.

AYosof

⋅ Apr 30, 2014 4:03 PM

Thanks, would you please show the pattern being build now where are you referring to in daily in 2014 april?

timwest

⋅ Apr 30, 2014 4:15 PM

I added the chart.