I am looking for a push lower in the near term, but we could be waiting for a possible triangular pattern to form before that lower low occurs. At a minimum it would need to be an a-b-c pattern. I do however suspect that the March lows will be a support zone, and could produce a bounce in SPX price.
MT: DOWN
ST: UP
PA: DOWN
I would like to see the Intra-day chart turn back up above the OB reading to have this pattern I drew up, have a chance in happening.
No comments:
Post a Comment