Hey TANOTFA - good call re SPI megaphone patten ...
Below is S&P cash chart. Thought I would have a look at some longer term trendlines and also a little balancing of time courtesy of Mars.
The trendlines from the 1982 low have proven to be good levels of R & S. Might be worth watching if price cannot hold up. Market Profile for 2010 to 2015 has the point of control close to the top. Very similar to 1994 to 2000 and the range and time is a close match too.
I find it interesting to see the Mars top to top measure comes in again at the 2015 highs and the low to low also repeats at th 2015 highs.
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 (20min delay)
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |