Friday, August 10, 2012

SPX 30-Minute Chart Sideways Symmetrical Triangle 8 MA and 34 MA Cross

After the opening minutes, the 8 MA is under the 34 MA but as this message is typed, the 8 MA is a couple pennies back above.  This is the same soap opera as yesterday. If the 8 MA falls under the 34 MA and heads lower, the bears are in control for the hours and days ahead. If the 8 MA moves above the 34 MA and heads higher, the bulls are in control for the hours and days ahead. Allow things to play out.

1 comment:

  1. Thak you KS. I enjoy your postings and appreciate the insight.

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