Blog Archive

Wednesday, November 16, 2011


Tuesday followed Monday's Black Marubozu with  a White Spinning top.  Today's long Black Candle confirmed the signal early this morning when price quickly traded back below the close of the Spinning Top.

Breaking out of a small triangle the e- mini spilled over on rapidly increasing volume loosing about 25 handles during the afternoon on what looked like an exponential curve.

With the lager triangle still a viable option the Bulls may take the bears by surprise.
This is a Bearish placement.  If this Triangle breaks down then this fork will make sense.

In any case 1218 is the point of no return

Bearish Pattern

No comments:

Post a Comment

Today's Feature