Web Statistics Pennant Pattern

Thursday, 24 October 2013

Pennant Pattern

Pennant Pattern

Pennant Pattern on the S&P ?

When you look at the daily chart it seems most the action this week has just been coiling for maybe higher prices coming soon.

WHY?

There is what I would be calling a PENNANT on a POLE on the S&P chart right now and normally these patterns precede higher prices on the charts. We shall see, check out the chart below.


pennant pattern
pennant pattern




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