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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (132855)5/18/2006 12:33:05 AM
From: Shack  Read Replies (1) of 209892
 
Yeah, that UT line would be the "official" breakdown.

First things first, the daily SPX wedge off the Jan 3 swing low needs to resolve which would mean 1250 is a lock, that breakdown is clear. We'll see after that if something more devious is afoot.

Charts certainly looking fugly in the near-term. TA-wise as well as wave-wise.
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