@Toastman ... SPX500 ... You posted some "Forks" charts on the XSO thread that sent me to my "archives" and I checked out how my L/T(Monthly) was shaping up.
Highlights the significance of the the last 5 months ... 1stly a strong "tweezer" candle lows in Jan/Feb from confluence of tyne intersections; then wide bodied candle(March) that broke back above the purple and grey Fork extensions tynes that has now provided the two near month's low supports(encircled). I'd guess, whilst the SPX remains above ~ 2000 it strongly favours testing the 2140's/50's and possibly towards 2300.
S&D, S&R, Trends, Fork's and Turnarounds, page-158
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Last
1,578.8 |
Change
22.900(1.47%) |
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| XLD (ASX) Chart |
