Post by theMist on Oct 31, 2018 20:44:06 GMT -5
Jim's video
Today we saw the S&P get OVER the descending broadening channel AND the upper line in the descending wedge-like shape that
has been holding it back for the entire month of October. Now we look to see if this is a legitimate break of both of these trends.
That could mean a back test of one or both of these lines, but the real proof will be if we continue to advance. We still need to watch
this closely by all means. There is some indication of fear in the markets now and those broadening patterns are the 'tell' that people
can get spooked fairly easily now.
Today we saw the S&P get OVER the descending broadening channel AND the upper line in the descending wedge-like shape that
has been holding it back for the entire month of October. Now we look to see if this is a legitimate break of both of these trends.
That could mean a back test of one or both of these lines, but the real proof will be if we continue to advance. We still need to watch
this closely by all means. There is some indication of fear in the markets now and those broadening patterns are the 'tell' that people
can get spooked fairly easily now.