of stock market psychology
Stevelooks like we are coiling here fir a big move one way or another. The daily range on S&P is less than 5 pts, this is what Jeff Cooper calls a n/r 7 day which usually precludes a big swing. If this is a diamond, how do they break?Charles
Normally a diamond is a top pattern. Selling at SPX 1179.50 and 1178.75. Also at DJI 11,049.
Steve
ReplyDeletelooks like we are coiling here fir a big move one way or another. The daily range on S&P is less than 5 pts, this is what Jeff Cooper calls a n/r 7 day which usually precludes a big swing. If this is a diamond, how do they break?
Charles
Normally a diamond is a top pattern. Selling at SPX 1179.50 and 1178.75. Also at DJI 11,049.
ReplyDelete