peterhowitt

Some thoughts on S&P 500

SPCFD:SPX   S&P 500 Index
My first chart so be kind and constructive in your feedback :)
Comment: we broke early, next stop 2560 or fake double bottom....
Comment: What am I saying, the market wants this shape....- let's see if it breaks down in next few days
The 2 isn't allowed to retrace below the bottom of 1 but otherwise its good
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peterhowitt briannnnnn
@briannnnnn, knew EW would be wrong - will do better next time :)
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I definitely think this breaks down from the triangle tomorrow on the Cohn news. I'm not so certain that it gets to C without a retrace because people are buying the dips, but I wouldn't be surprised if it did. The rest of the chart is probably too far out to comment on.
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@kimms, thanks
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