Russell 2000: Potential Shoulder_Head_Shoulder in play
...a good chart can tell more then thousand words
In 2014 we had 4 times that the TRIN totally collapsed. the TRIN i am taking about is a own calculated TRIN regarding the whole german stock market , not just the 30 DAX stocks. the reason why i programmed a own TRIN is to have a better look at the market breadth. the result is incredible: on the following marked days the TRIN, and within the up volume imploded....
sometimes the virtual wedge matches with the gann fan...trying to anticipate the next movement by inverting the gann fan like a mirror
I follow these kind of virtual patterns since one, two years. you have to imagine a wedge, thats formed by the first support trendline and the last broken trendline. a second supprt trendline is forming very often the middle of the wedge. target is where these lines cross. bullseye...tarararetereeeee!
SPX Market Analysis_ Ask Volatility/Bid Volatility notes on chart...