Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Wednesday, November 11, 2009

SPX Weekly chart


Old chart update: This chart was originally created on May 28th 2009. It is time for an update, SPX is walking through the "thin volume by price" zone between A&B here, next resistance at line B, This is the fibo .500 resistance near 1121.44, if this clears, then, T2 (near 1229) should be reached. RSI still below 80, no signal of overbought, so, long way to go...
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)