Saturday, November 8, 2008

S&P500 racing to 1160 next week

SPX broke the down trend line on 29 Nov 08 and on Friday, 7 Nov 08 kissed the same trend line good bye. Wave 2 is completed and now it's on the race to complete wave 3 at 1160.















(60 mins)


VIX broke trend line and formed a bear flag.

















(60 mins)


And we also have new uptrend channel formed on major indices...


2 comments:

TraderTamas said...

Sweet charts! Maybe post them with volume next time?

zstock7.com said...

nice charts--i posted the link at my site.