Hammer +2

It’s 2 trading days since our Hammer Time post, that foretold a bounce.  Talk about a tough market.  Up, down, up, down.  The S&P 500 already set a record last week with its number of times crossing the MA 50 in 2015 (with several months still to go), and now this week is +2 more, up and down.

Here’s the updated chart from Friday’s post.  The market is going to break the Symmetrical Triangle soon enough and then all this up-down stuff around the MA 50’s will be over.

spx

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow @BiiwiiNFTRH.