Web Statistics spx update - pennant patterns

Thursday, 3 April 2014

spx update - pennant patterns

spx update - pennant patterns

spx update - pennant pattern

The S&P seems to be holding and the bulls winning the race yet again as we keep hinting ;-) no reason to fall in the love with the downside so far. But I guess anything is possible.

Right now the pennant pattern on the S&P was broken out, which takes a bullish stance, and hitting new highs. Normally everytime the market hit new highs we did turn down a bit. But pennant patterns are seen as stronger bullish type patterns with higher targets.

I keep seeing many traders writing off the bulls, however we keep going higher on the market. Anyone else seeing a pattern there?

spx update - pennant patterns
spx update - pennant patterns


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