Dont chase me now

Another doji day. Market playin catch-up. Maybe the beginning of a mini-megaphone.

Given the track record of the recent upper rising resistance lines R1, R2 it makes good sense that the market will either bump and grind higher (like June and July) or scary sell- off (news related maybe) and find support on S1.

My charts are saying times up on this move, at least short term.

Chart of S&P500 for 14 November 2014

 

 

 

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