(Click On Chart To Enlarge)
Chart #1: The Ascending Triangle pattern broke to the downside going into yesterday's close, putting a target of roughly SPX 911 IN PLAY. Notice the small Ascending Triangle (in yellow) the formed and broke down after the larger one broke down.
Chart #2: The QLD broke down below a Symmetrical Triangle after 1:00PM this afternoon, below 32.00. That put targets of 31.25 (bottom of the pattern) and roughly 30.52 (measured move) IN PLAY.
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