Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.97

-0.3%

Jan 30 4:00 PM EST

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codfish23

To: codfish23 who wrote (137581)	2/4/2020 4:56:18 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 222753

I could also add that the $NDX andthe $SPX both have formed a bullish diamond type pattern... If this formed right at the high, then that would be bearish, but it formed off the high and both have a pole which is more clear for the $NDX... where they occur off the highs, then they become bottoming patterns... Very simply, they're patterns that mark a turning point with a high degree of reliability... Both daily charts are below... The $SPX The $NDX The big chart couldn't copy for some odd reason, but here's that pattern with a very clear pole preceding the five day diamond pattern... GZ

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