Trendline Break - Potentially Overbought - Harmonic High Dates 10/14-17 - Longer Term View
Things in the SPX are just too exciting to stay away for too long. Mondays big Full Moon rally and todays continuation are from a trendline break to the upside.
What typically happens from trendline breaks is a switch from from resistance to support. Potential high cluster for this move may be 10/14-17 (this Friday/Monday) in that SPX 1220 range.
I view the late October/early November astro cluster as bearish so we may drop sharply from overbought levels back to the broken trendline support in the SPX 1130 area...Definitely not shorting....waiting to buy more...lets see what happens...
(Second chart is longer term targets with two key dates I have calculated.)
What typically happens from trendline breaks is a switch from from resistance to support. Potential high cluster for this move may be 10/14-17 (this Friday/Monday) in that SPX 1220 range.
I view the late October/early November astro cluster as bearish so we may drop sharply from overbought levels back to the broken trendline support in the SPX 1130 area...Definitely not shorting....waiting to buy more...lets see what happens...
(Second chart is longer term targets with two key dates I have calculated.)
posted by chartblog at
12:47 PM
1 Comments:
Does this negate the three peaks and a domed house as advocated by Carl Futia?
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