so far predicted pattern for today is not as expected, the call was as follow:
Trading pattern for tomorrow Wednesday, April 17th is the one starting with an early high, decline into 10:30 / 11 am followed by an all day rally into closing bell… Tend to be a strong day relative to the opening price.
So, what we got?
As you see in today’s chart below, yes, we did see an early high and decline to 10 pm +
But not much of an all day rally to last into closing bell…. I call this one a miss 🙁
Expected trading pattern for SPX cash – Thursday April 18th
Tomorrow, April 18th, 2019 are we looking for an #SPX chart pattern with an early high, a low at around 10:15 so a rally to a lower high at 11 / 11:30.
Then we should start a decline – expected to be a sharp one – to a low at or around 2 pm followed by a rally to a high at 3:30 and so a sell-off to a low into closing bell.
Trade well and put your protective stop loss…!