fulcrum friday, page-59

Interesting little pattern on the chart as the upper and lower trend lines meet, we could be either at resistance here or a quick impulse move north. It continues to be be held back by the 20MA so if it breaks above then you could still expect a sharp move to the 50MA currently around the 3850.

The reddish end to the week on markets couldnt break the double bottom which still stands and now indicators again also suggesting a move up after they consolidated for the week.
I was looking for the 18th as a final low for 08 and yesterday was 2 pts lower but thats close enough for me.