SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Shread who wrote (25685)7/20/2000 12:53:12 PM
From: John T.   of 42787
 
Paul, this is a supplement to my last message about a bearish scenario on the SPX.

I failed to mention that there is also a broadening pattern on the SPX. This is on the 60-minute chart. The upper trend line is across the highs of 6/2 and 6/19. The lower trend line is across the lows of 6/13 and 6/29. The upper trend line of this broadening pattern was resistance. The SPX broke out over the upper trend line on 7/14 and went on to form a high on 7/17. Since then, the SPX has fallen below the upper trendline and is back inside the broadening formation. This morning, the SPX pierced the upper trendline, but fell back. At this time the upper trendline is resistance. If the SPX cannot break above the upper trend line, that would imply a possible trip to the lower trendline of the broadening pattern which is today at about 1425 to 1430.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News