The red descending triangle can be watched for tomorrow. Bulls need to hold 1688 or 1683 is likely. The green lines show the bull flag off the 1272 bottom. First leg to 1685, 13 points higher, then the second leg begins at 1678 so the target is 1691, achieved. Note the juicy gap left behind by the blue circle. The blue lines show the ascending triangle pattern highlighted this morning where the break out from 1683 occurred today. GOOG and MSFT earnings lay an egg so that may set a negative tone for trading tomorrow. For the red descending triangle, it may stretch out as the thin red line along the tops show and play around for much of tomorrow before deciding to bounce or die from 1688. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Terimakasih anda telah membaca artikel tentang SPX 10-Minute Chart Bull Flag Gap Descending Triangle. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://tradingstocksbmri.blogspot.com/2013/07/spx-10-minute-chart-bull-flag-gap.html. Terimakasih atas perhatiannya.