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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, December 5, 2012

market update - $spx 1m fill

(earlier member real time update)
market update - $spx 1m fill
$spx could be forming a slanted bearish and shoulders pattern. needs to break down the black neckline to be validated.
the slanted version is more bearish than the leveled version as RS can not get to the LS level.
yesterday I was looking for a leveled RS, but $spx is suppressed by the blue neckline and can not get to a leveled RS.