Close Look At The Triangle Forming On S&P 500 Index
Posted on October 20, 2008 at 07:00 AM EDT
Despite the volatility of last week, a relatively orderly symmetrical triangle is forming on the S&P 500 Index (^GSPC) which could be resolved early next week. Let’s examine the S&P 500 daily structure and then the 30min chart for clearer insights on this consolidation pattern. S&P 500 Daily: The daily chart looks horrendous for ...
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