LATE Friday S&P500 5min Chart(s) (SPY)
Slow grind down today after yesterday afternoons typical squeeze higher which amounted to nothing but an opportunity to get short. the downside lines of the triangle are in yellow… the hypotenuse is becoming elongated as the price nears the apex.. this usually mean a break out is soon to come.. either down or up.. i feel down 1125 and below means 1110.
Crude oil below 80 was signaled yesterday by the steep ranges and refusal to stay over 83. Equities followed as the DX pushed back over the 79 level.. over 79 equites and crude feel the heat.
|15 MIN inset and 5 min larger ES_F ..|