markrivest
Short

SPX Delveloping Horizontal Triangle

TVC:SPX   S&P 500
157 2 2
The SPX             could complete wave "C" of a developing Elliott wave Horizontal triangle on 10/25/16.
Wave "c" of "C" appears to be forming an Ending Diagonal Triangle. Resistance could come at the convergence of the rising and falling trend lines.

Also today 10/24/16 the NDX made an all-time high that was unconfirmed by every US main and secondary stock index . It was also unconfirmed by all nine SPDR sector funds. No major international stock index confirmed the NDX high.
The NDX recorded a triple bearish divergence vs. the Nasdaq new 52 week highs.
The NDX all-time high could be the most outrageous non-confirmation in the history of the US stock market .

Mark
wojtek7 PRO
a month ago
Great idea
Reply
markrivest wojtek7
a month ago
Hi

Thanks

Mark
Reply
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