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The Market Trader Tao
NeboXian's Day trading journal
is updated live during NYSE market open with observations , technical analysis and trades as they happen.
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Tuesday, June 16, 2009

ProphetCharts: $SPX


See my video on Wedges.........Here is a bigger view of the past 5 days........Downward sloping wedge is bullish.......
upward sloping wedge is Bearish........the reversal projection targets with wedges are not as defined as other reversal chart patterns...so you have to take your cues from the left side of the chart and look for past support and resistance in addition to Fib's...


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