Tuesday, February 12, 2019

Morning Charts 02/12/2019 SPX

Trump needs to quit boasting and lock her up. He does us no good if he can't lock up the deep state actors.

On to the lie -

SPX 60m - So what was I saying three weeks ago about the busted rising wedge possibly becoming a rising channel? Not sure if it will last or continue to develop, but the blue rising wedge breakdown target has been met. There is a possible small HnS developing above black TL support. Needs a right shoulder. I'm still uninspired. One thing to note - IF the larger IHnS is in play, then it's possible this move back to test the neckline could bode well for the bulls if support holds here.

More to come below.

Have a good day.

GL and GB!

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