The home of the innovation of the Logarithm of Time as applied to the Markets. We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Thursday, June 3, 2010
This morning's $SPX charts (so far)
Basically, these charts seem to be saying that we are now at another 'top'....This contradicts the daily MACD indicator and the put/call ratios, which looks so much like a warning of the beginning of a new up trend. The day is still young, but as of 10:50 CST, today's candlestick DOES look like a top,,,
The top chart shows a conventional trendline that will probably _not_ work...The bottom two charts show trendlines that _should_ work....
(Click on the individual charts to enlarge them)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment