pnaik732

battle of the wedges

Long
pnaik732 Updated   
SP:SPX   S&P 500 Index
a long-term bearish wedge and a short-term bullish wedge combine

note that today there was a re-test of the bearish wedge and also of the long-term trend line

staying above here keeps the bullish wedge in play, for a run at the gap and the top of the wedge

getting below for too long = trouble

I lean bullish, failing to fill this gap would just be a sad story
Comment:
have some small positions in short term calls, let's see
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