The Market is Maniacal

By | September 18, 2015

Of course, the S&P 500 closed right on the uptrend line, its overall range neatly positioned between triangle support and resistance. The market is maniacal, but its short-to-intermediate term direction could be determined by a confirmed break from the narrowing range of a triangle consolidation. A candle reversal pattern has formed, volume spiked, and the support line looks vulnerable. More over the weekend.

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