Charts

....possible descending triangle requires .... one more low .....
.....or .... a slightly higher low .... 78%
.... not too sure on this one.....

 

....possible accumulation ....distribution

 

....bullish butterfly....
...provided buy point on 30min 50% retrace...
... beautiful

 

... could be just dreaming too much...... but here is what i am looking for .....
.... a 78% retrace from 1253 low......

..... on hourly time frame.... all the measurements are there.... except that last leg down.....
..... if completed.... would bust this out of this big descending triangle.....
.... and possibly turn this market up at least for the intermediate....if not longer....

 

weekly volume analysis....
... change is coming....


background... decreasing volume

1... low volume...small up spread.... weakness

2... upthrust on higher volume.... meant to trap longs

3... much higher volume down move... how much is buying volume ?

background... opex coming...

4... inside bar... small up on lower volume

5... opex week... lower volume ... outside bar catches open interest at spx 1350...

... trend is down... outside bar... possible change to up trend....

.... need a big shake out to down side... to move up...

 

previous... bearish gartley on daily

 

BSC

 

Ah. A good example of the trend is your friend.

 

.... here is yer freaking fallingwedge....
.... need to make a higher low first....

 

here is your freaking bullish butterfly...
.... and looks what happened....

... am i paul smooder bones or not ?