Current pattern says we should move higher in the short term...
SPX Candlesticks
Started by
ecpinto
, Jun 16 2007 08:13 PM
4 replies to this topic
#2
da_cheif
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#3
selecto
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Posted 17 June 2007 - 12:58 PM
That is not a three soilder pattern on the SPX. If anything, it is a bearish shooting star, which is even better shown on the spy.
#4
relax
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Posted 17 June 2007 - 01:10 PM
A gap down would really seal the deal
But more looks like a higher open and retest of friday highs and then rejection
But more looks like a higher open and retest of friday highs and then rejection
That is not a three soilder pattern on the SPX. If anything, it is a bearish shooting star, which is even better shown on the spy.
#5
ecpinto
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Posted 17 June 2007 - 08:50 PM
I stand corrected...looking at the index data...it would appear to be three advancing soldiers...
A look at SPY does indeed show a possible star formation....A lower open would be bearish for the market
A look at SPY does indeed show a possible star formation....A lower open would be bearish for the market
A gap down would really seal the deal
But more looks like a higher open and retest of friday highs and then rejection
That is not a three soilder pattern on the SPX. If anything, it is a bearish shooting star, which is even better shown on the spy.
