Nice site and charts.
Looking at just the DOW, it seems it has broken out to the upside over the 7925 resistance you showed and that has now become support of sorts....
stockcharts.com[w,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14!Lb5][J6471081,Y]&pref=G
The SPX shows a breakout of that wedge also stockcharts.com[w,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14!Lb5][J6471081,Y]&pref=G
From my understanding of wedges, they can go either way once broken out of...
Does this breakout change anything? |