Friday, May 12, 2017

Morning Charts 05/12/2017 SPX /es

Other than Comey and China things are way too quiet. 

On to the lie - 

SPX 30m - Rising burgundy channel - within it a smaller burgundy channel rolls over into a bluer rising wedge which breaks down to the black wedge that failed all encompassing three open islands and roughly 33 points in gaps. It looks to be rolling over - 72ish critical support. To get there 91, 86 and 83 need to crack.

More to come below.

Have a good day.

GL and GB!

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