Just a basic update on my rising wedge patterns. Note so far today it was a test of the support line of the current wedge. If this wedge pattern is right, then we S&P is pretty much out of room for now and we should see a pull back soon.
הערה:
11:58am and still testing this support and so far it is holding
הערה:
I wonder if we will see the same pattern as last time?
הערה:
So far, that pattern looks promising. Here is the end of day.
הערה:
Thursday 1:20pm and it did not quite follow the pattern. If anything it is showing a similar but weaker pattern. It is now outside the wedge that I drew.
הערה:
Maybe this is the actually pattern?
הערה:
End of the week. Still looks viable as a pattern.
הערה:
Tuesday and the pattern is still holding strong.
הערה:
End of the day Tuesday and it is almost like I can predict the future ;) I am sure the market will throw a wrench into this tomorrow.
