$SPX: QE3 Triangle Breakout Hopes? Long

S&P 500SP

Description

⋅ Jul 26, 2012 7:28 PM

SPX showing strength, testing the upper triangle resistance @ 1360. Will we see a breakout or retest of 1375 next week?

Comments

ustas33

⋅ Jul 29, 2012 3:59 PM

Followed.

charttrader

⋅ Jul 27, 2012 11:06 PM

Almost +2%. Nice trade...

charttrader

⋅ Jul 27, 2012 11:03 PM

Thank you for sharing this. But tradingview.com/v/fpyzrEx9/ this idea is my favorite one at this moment.

yalo

⋅ Jul 27, 2012 10:40 PM

What do you think now with 1385?

TradeVulture.com

⋅ Jul 27, 2012 10:50 PM

1400 could be in play. I expect the Federal Reserve will not bring QE3 and the we will get a reversal back down into the channel.

BuffaloBill

⋅ Jul 27, 2012 10:59 PM

Your right, it's very likely there is no QE3. ZeroHedge has an interesting article about QE already being priced in.

TradeVulture.com

⋅ Jul 27, 2012 3:16 PM

Hit 1375 today. What will next week have in store?

yalo

⋅ Jul 27, 2012 2:54 AM

Followed.