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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (12998)	11/11/2011 10:43:02 PM
From: pcyhuang	Respond to of 33421

SPX -- The Odds for An Upside Resolution The hourly bars show a "triangular" shaped pattern over the last 12 trading days. The "triangle" is identified by two converging trendines. The good news is that triangles are usually continuation patterns. That increases the odds for an upside resolution. The first thing the SPX needs to do to help accomplish that is break decisively through the upper trendline. A drop below the lower line would be negative. Source: Stockcharts.com