Friday, March 4, 2011

SPX Daily - Friday, Mar 4

@ 4 PM
Now thatz a text book barrier triangle. It should be the primary count now.
The thrust up from here could be the top between 1350 and 1380. 
Next week should be decisive enough.

@ 2 PM
A possibility not to be overlooked is a 4th wave triangle....



@ 12 Noon


2 comments:

  1. big wall of resistance at 1333-1335 - would be your barrier i suppose. Key level for sure.

    http://jeffreygtc.blogspot.com/2011/03/saturday-march-5th.html

    ReplyDelete
  2. If it is indeed a triangle, by definition it will result in a thrust up past the barrier.

    ReplyDelete