Quote:
Originally Posted by mact3333
individual stocks is for the other stock mkt thread...this is the thread to actually see what will happen...just kiddin ya bro...  .
As noted before, weekly volume says no conviction to last weeks selloff...today was productive...bear flag pattern appears to be breaking up and forming bullish falling wedge pattern..."if" we clear 1175-80 we should see clear sailing to 1250-75 level....we need to jump the contracting wedge pattern though.
UUP just tagged the 200dma and needs to fall down asap...could be good for equities and metals....VIX showing topping pattern again which is bullish too.
But dont think bullish for too long cause imho, the bear is back on longer time frame. |
I understand there's going to be resistance for the S&P at 1300 and support at 1100, but whats your opinion on seeing the S&P dip below 1100 for september?