Tuesday, October 18, 2011

Equi-distant Parallels - Safe Short Trade SPX 1245-1250?

There are several scenarios the SPX could take here. This is a very possible one...

There is a Gann cluster on October 27. October 4->27 = 22.5°. SPX may be building a b-wave fakeout into the 1245-50 area before a steep drop into Nov 6.

(Green lines are equi-distant parallels)

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