Chartists: is the S&P going to break out of this wedge? (chart)

Discussion in 'Trading' started by 1a2b3cppp, Sep 14, 2011.

Is the S&P500 going to break out of this wedge to the upside?

  1. No, it just bounced off the trendline today. It's gonna go down

    18 vote(s)
    37.5%
  2. Yes, it's gonna break through that and go up!

    20 vote(s)
    41.7%
  3. i dunno lol

    10 vote(s)
    20.8%
  1. Have a look and tell me what you think

    [​IMG]
     
  2. No, it's never going to break out of the wedge....it'll just keeping bouncing between the trendlines for infinity...???
     
  3. Lucrum

    Lucrum

    I think we'll know in the fullness of time.
     
  4. Eempussible. Them lines meet. (Of course, there is a geometry where parallel lines meet, as I recall???)
     
  5. haaaaaahahashechky

    :D
     
  6. You could make a ton of money selling options then!
     
  7. toc

    toc

    looked at it causally only, seems S&P is headed to 1030 to 1000.


    :D
     

  8. right shoulder here says we go to 104 spy next
     
  9. want truth here its

    sp slowly goes to 1260 and the some,by the end of the year - 1444!

    spy goes to 126
     
  10. Also,right shoulder doesnt work this year.SP will go up along with gold.
     
    #10     Sep 15, 2011