28 Nov 2014 - Mini Me?

The market has closed, and seems to look weak and hinting a change in trend.  Our SPX indicator is still UP, but the Russell ST has turned DOWN.  Lets see if it will foretell the outcome of the SPX in the near future.

MT: UP
ST: UP
PA: NA

So what are the results after the post below at 11:30am?

11:30am
I thought I would share the 5min chart of the SPX with you today which is forming a smaller and similar pattern to our daily chart.  So will wee see a move lower on our next CIT in this manner?  In theory a mega-phone pattern would have us end up with a impulsive move lower.

5 Minute:

 

 

Daily: Showing a potential pattern move...