gj's kicking the can monday, page-4

Well Friday was certainly an interesting trading night in New York. Posted on Friday that it looked like the SPX wanted to surprise everyone and have a go at the top of the little triangle that has been formed which could then see it run through to the downtrend from the tops.

Still hasn't confirmed this will happen but certainly a step in the right direction. Wouldn't be surprised now to see a topside break and then a bit of a pullback.

I am continuing with the idea of holding longer term positions while the market shows us the way.

I remember an old saying from when I first started drawing charts - the trend is your friend till the bend at the end. Have we seen the bend yet? I'll let the market decide.

And just as an aside - another nice night in the FE market.