Possible falling wedge. Personally, as a trader, I could care less which way the market moves - and a wedge is a wedge. (S&P E Mini Futures chart) Steve
I agree completely. I try to remain unbiased during the day since I can make money regardless of the direction. But over the last week the shorts have clearly had a hard time driving down prices any further. That being said there hasn't been much buying pressure either. So we appear to be reaching a point of equilibrium. Personally I think a re-test of 800 is in the cards.