On Friday, the SP500 broke out of the diamond pattern it has been in. Unless we make a new high to confirm this breakout I will continue to have my doubts about this latest push up in the market.
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http://jackschartpatterns.blogspot.com/2009/04/false-breakout-of-diamond-on-sp500.html?showComment=1240773720000#c2935636171691662397'> April 26, 2009 at 2:22 PM
This bear rally is over IMO. Looking for dropping below 826 this week.
http://jackschartpatterns.blogspot.com/2009/04/false-breakout-of-diamond-on-sp500.html?showComment=1240822980000#c1604458701245842837'> April 27, 2009 at 4:03 AM
Futures are indicators you may be right. I look forward to the end of this range trading.