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spx close to support again for maybe the last bounce ?


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#1 andr99

andr99

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Posted 25 March 2015 - 01:18 PM

spx

the bearish wedge possibly shows why europe doesn' t want to follow so far, at least the ftsemib. It will when the wedge is broken to the downside, probably. By the way I don' t think the bounce will carry the spx to the upper wedge resistance again as mistakenly drawn in the picture. The spx imo shouldn' t go above the previous high. My thoughts....

forever and only a V-E-N-E-T-K-E-N - langbard