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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.555-0.1%Nov 7 9:30 AM EST
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To: tracor who wrote (3609)12/19/2023 11:33:32 AM
From: Bull RidaH1 Recommendation  Read Replies (1) of 4397
 
SPX - The megaphone line has just been surpassed, with breakout occuring at 4760.8. Thus, a most likely reversal target of 5078 has been established, and will remain in effect as long as the index remains above the megaphone line. Still awaiting the pennant breakout target, as a pullback for a full day will be necessary to calculate it. If the pullback arises from 4840, we'll have a matching reversal target at 5078.

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