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Diagonal Support
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Diagonal Support

by The MoleJune 22, 2009

2:45pm EDT: I’m not sure whether or not we’re bouncing into the close but it seems we’ve painted a floor for today at least:

I would keep my eye on that diagonal support line which I pointed out yesterday already. At some point it should become the basis of a fourth wave bounce to the upside.

3:53pm EDT: We need a clean up on isle 5 please!!!

NOT looking good for those bulls right now – the SPX might fall of the shelf here any second.


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The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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