RE: Daily S&P 500 (SPX) Update: More All Time New Highs Expected

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Daily S&P 500 (SPX) Update: More All Time New Highs Expected

in money •  7 years ago 

Your analysis is wrong! It's not a triangle and you won't see new high for a while as it's in correction:

money
7 years ago by

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      ·  7 years ago (edited)

    It could be anything. There is a triangle pattern, but it can also be a wxy unfolding. The point is to know if it's a '4'. In that case there will be a new high with the 5th (unless it's truncated). The channel you draw in yellow can also be a diagonal 5th and give us a new high. Time will tell ...

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