Friday, April 25, 2014

Open Weekend Post 04/26-27/14 SPX /es

You know the drill, share the love and the knowledge.

If you see it, share it.

Ukraine is a cover for the worst cluster F that ever existed.

Minis 4hr - Potential yellow rising wedge with inside it the felling blue channel that is dominating price here. Green rising channel to blue resistance failed Friday. Small HnS busted support and fell to 1853 s/r Friday. Now the gray falling wedge points to the potential STB point (beige/red/blue channel 50% diag) at 1844 s/r. One problem is the STB red diagonal of death is way in play here inside the yellow rising wedge.

Minis 60m - Falling gray wedge pointing right to the STB point (red/beige) at 1844 Monday. Remember the Red diagonal is the STB line of death. Dashed red below is the ultimate support off the November 2012 lows. Things are really, really, really getting compressed up here which is not good for bully.

Have a good weekend.

GL and GB!

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