redbacka
Great stuff as always.
I have detailed multiple reason for watching SPX 1332/5. Monthly dynamic high of 1334/5 being one. Another is BB's monthly exceeded and about as much as normally seen.
I also note SPX has 10 week up sequence and daily 9 days up to boot.
It looks to me it may need a higher high than Friday for pattern.
If Monday night looks like a gap up then the 1330.79 high of Friday will see us in the interesting range.
Below is part of Ferrera's 2011 pattern. Suggests a pause for a month or two even if going higher.
Sounds like that would be a low risk short.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |