Saturday, August 24, 2019

MTU Weekend Ed. - Lines and Megaphone Update (8/23/19 close)

Lines update - SPX was rejected by the 2018 high and the red line, probing the green line below and yet to confirm a meaningful break.
Megaphone update - As discussed before, if the megaphone pattern plays out, "the traditional measured target for the megaphone is 2150-2350 in SPX."

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