SPX broke out of the consolidation

in investing •  7 years ago 

Following up on the previous post, the 7th leg this time proved strong and there was no reversal at the resistance. I now consider legs 2-6 a bull flag formation. A breakout of this bug flag occurred on Friday. I expect a brief resistance at 2750 area, which may lead to a backtest of the break out area. I expect the next SPX target to reach 2815 area, which is the measured move target.
2018-02-24_1921.png

investing stock-market spx
7 years ago by

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