Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Pages
▼
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.
Thak you KS. I enjoy your postings and appreciate the insight.
ReplyDelete