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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (41907)3/1/2000 2:09:00 PM
From: IndexTrader  Read Replies (2) | Respond to of 99985
 
LG,

We bumped up against 1380 SPX three times today and failed. It looks like a reversal today (so far anyway).

It looks like a rising wedge on the SPX daily--(last six days making up the upper line with last three days as lower line). It is quite steep, but what isn't in this market these days.

If we close below 1370 we will have a hammer and a reversal stick.