Possble triangle formed here. WIll give a target of ~40 if we can break 16 with volume.
Comment:
breakout
Comment:
Still no confirmation that we are out of triangle. Any close below 13.5 is dangerous and spells trouble. A close above 16.5 and I think we will continue higher.
Comment:
Expecting the D leg to equal the E leg in time, so we may not have a real breakout until November
Order cancelled:
Triangle has been invalidated. There is some other pattern forming that I will avoid guessing at this time.
This can still rally. I am waiting for a VIX spike similar to Jan/Feb.
This can still rally. I am waiting for a VIX spike similar to Jan/Feb.
