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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.870-5.0%1:50 PM EST
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To: yard_man who wrote (3853)8/9/2024 5:34:11 AM
From: Bull RidaH  Read Replies (3) of 4394
 
SPX - The mini FLASH CRASH you guys had so much fun with was really just an outcome of the wedge formation (see below... red wedge lines) that began forming from the May 16th high. It was too small a pattern to lead to a lasting decline, and the downside objective is simply to take out the BASE of the WEDGE. A t this writing, SPX is already only 37 points away from recovering 50% of the high to low drop. It's onward and upward now, into DJT's waiting, big and flabby arms (but unseemly SMALL hands).

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