Wednesday, April 28, 2010

Bearish Megaphone patterns abound...

First up, check out the short term expanding diagonal in SPY.

Also, here's a longer term megaphone in the works (thanks Jim). Target for NYSE looks to be 6500-6600.


As for the TSP, I'm looking for a convincing bounce off the 34EMA before jumping head first into the S fund. It could happen this week. I'll keep this site updated with the latest developments and my thinking.

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