Back testing at the intersection of 2 trend lines…
indu
Have a good weekend guys/gals, till next week…
Added:
SPX weekly
Price action remains above the moving averages…bouncing off the 20 ema zone 3 weeks ago conveys strength…
However, completion of wedges as below usually end up bearish…The SM has some unfinished bullish work to complete before we test 2194 per this chart and the upper wedge trend line–then we shall know…This should conclude right at or after the election–again, per this chart.
spx
AAPL, my market “barometer” is making what looks like another bullish flag…
aapl