9L...a broken pitchfork is hardly the way to defend yourself against a rampaging bull....particularly after unzipping your bear suit....
definately up through major resistance and tapped the next trendline....key for me is how it treats the broken trendline...IT NEEDS TO RETEST AND HOLD....its been a while, but this bull could be at his most dangerous when we realises he's in the next paddock
looking ahead with my horns on:
1. major resistance on SPX 944...and the 200DMA is currently at 967...dropping at 2 points a day atm.....those two combine on about the....15th May...the next downward trendline will also be there waiting ....so triple treat could be a magnet
2. unless it gets smashed tonight the April monthly candle is going to the most bullish seen for a long long time and combined with March will look very pretty...momentum will look impressive (someone might have a nice chart?)
lets have a backtest....but I've booked the next flight to Pamplona for you...
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9L...a broken pitchfork is hardly the way to defend yourself...
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