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Strategies & Market Trends : TRIPLE TRADES
OPEN 7.590-2.3%9:30 AM EST

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To: Fiscally Conservative who wrote (720)3/28/2021 10:41:12 PM
From: Bull RidaH   of 4391
 
SPX - If you survived that last hour stop run Friday afternoon... Congratulations! You made it!! Surviving the sinking RMS Olympic (aka Titanic) probably would have been easier. :)



The upper pic is RMS Olympic #2 from circa 1920. Lower right is Titanic being finished in the yard at Belfast, with Olympic #1 parked to its left. Deck overhang is not easy to hide. It's the Irish... always THE IRISH!! :)

Off the recent lows near 3844, the futures completed a beautiful megaphone pattern on friday, with upside breakout targeting 3964 for a pop-n-drop reversal. After acheiving that objective, price has thus far slipped as much as 25 handles since. I expect that's a small down payment on what's coming. LOOK OUT BELOW!!

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