Thursday, August 01, 2013

Mirror image?


If it is - then it is a good news for bears.

But even if it IS - back in 2011 SPX overshot prior top about 35 points, which with difference in levels today might make good 40 points and lace (SPX) in the vicinity of 1720-1730???

Should have done this comparison earlier ... shoulda woulda coulda...


UPDATED:  TNX - ten year note chart added

It is a very nice cup and does not look like TDST is stopping it - lets see how market will react on move above prior high of 2.72% which was slowed down by weekly TDSequential Countdown 13 as well as setup Sell. And G-d forbid it moves above TDRL of about 2.85% ...



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