As we move towards end of ascending triangle in mid Jan, broad market behaviour will hint bias of eventual breakout/breakdown.
See how NOL changing shape from h&s to wedge to channel.
Updated 25th Dec:
S&P rallied 24 points from this setup.
Saturday, December 19, 2009
S&P 500
If we breakdown for correction now, this bull might have a longer way to go. If we go straight up now, only sooner to end of music.
As we move towards end of ascending triangle in mid Jan, broad market behaviour will hint bias of eventual breakout/breakdown.
See how NOL changing shape from h&s to wedge to channel.
Updated 25th Dec:
S&P rallied 24 points from this setup.
As we move towards end of ascending triangle in mid Jan, broad market behaviour will hint bias of eventual breakout/breakdown.
See how NOL changing shape from h&s to wedge to channel.
Updated 25th Dec:
S&P rallied 24 points from this setup.
