Sunday, June 13, 2010
Trapdoor to Heaven or Hell
The NDX has been in a Triangle formation ( large trading range) since the 5/6 Flash Crash low. The Apex is on 7/2/10.
The Trapdoor to Heaven is any solid close above 1900 NDX and 1105 for the SPX.
The Trapdoor to Hell is any solid close below the 5/6 Low at 1752 and 1040 SPX.
The triangle is narrowing, so we should break one way or the other soon.
Any break of this triangle will cause a large swift move.