The Waiting Game: July 31, 2012

ORIGINAL POST:  11:30 AM SPX might be tracing out either a flag or pennant pattern on the 15-min chart.  While either could portend higher prices (2/3 of the time), a flag would mean lower prices first — probably down into the mid 1370s.   At first blush, the market seems to be respecting the last … continue reading →