Thursday Evening S&P500 Chart 5min (SPY)
|ES 5 min|
1160 faded again… 1150 support… 1138 hard line break down point.. anything above the 1140 is inside the descending triangles body. as the hypotenuse grows longer toward the apex, upside pops will be limited and and price will become more congested. Remember the biggest moves happen when you least expect them. Tomorrow is a holiday.
Silver and gold are trading inverse equities and crude. Watch for the 82 level to possible break on the downside.. over 83.5 CL could hit some buy stops. Gold over 1645 could trigger more stops.