Saturday, March 25, 2017

MTU Weekend Ed. - MA, HS and Gaps (3/24/17 close)

SPX pulled back to its MA50 and bottom of its BB (Chart 1), is still negotiating with an HS neckline (Chart 2) and downward channel boundary (Chart 3). This pullback filled a couple of gaps. The next gap is within the reach of this potential HS pattern (Chart 2 and Chart 3).