Wednesday, November 16, 2011

SPX Symmetrical Triangle Updated

These consolidations are supposed to drive us nuts and quite honestly, I am having a really amateurish week of trading trying to out think this mess.  So the unbiased, unemotional guy is having a little spell where he is letting this consolidating mess get him off his game.

I hate this market right now and I guess that is the point.  As for this 30 minute chart, it almost seems a technical thing, where the bottom line was waiting and has now been satisfied.  So what next, a wonder bounce to 1260 tomorrow and Friday?

I have a target at 1360 and a support parameter at 1220.  We are in no man's land and for whatever reason, today I do not feel as though I have the mental makeup to take it in stride.  Let's get ON with it you bloated...

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