Thursday, May 7, 2009

SPX: The Symmetrical Triangle



From last week:

"SPX 918.30 is IN PLAY as long the index trades above the top of the Symmetrical Triangle."

Despite a 200 point rally off the March low, the SPX tacked on another 50 points off last week's Symmetrical Triangle breakout (pattern in white). The target of 918.30 got MADE late yesterday afternoon.

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