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Strategies & Market Trends : TRIPLE TRADES
OPEN 8.570-8.2%Nov 13 3:59 PM EST
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To: Bull RidaH who wrote (3671)1/30/2024 6:32:36 PM
From: Bull RidaH1 Recommendation

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SPX - The outcome of the 1/23 - 1/29 symmetrical triangle has been adjudicated. The breakout was UP, yielding a reversal target of 4946. The high came in at 4931.09, nearly 75% of the way to target, followed by a sharp reversal lower, which on the SPY equates to 34 S&P points off today's high. Tough love is being meted out to AMD, GOOG, MSFT and TSLA in after-hours trading. This appears to be a good kick-off for the move to 4600. See you at the bottom.

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