30 MINUTES CHART
- Weekly chart of S&P 500 has given a new high. Sustaining above 1227 will extend this up move. Weekly close above this level will favor bulls.
- Shorter time frame charts like 30 minutes are showing bullish continuation patterns like Ascending triangle and Inverted head and shoulders.
- If the patterns in shorter time frame work bulls can easily extend this to 1250 levels and above that. If the patterns get busted bears will make a comeback.
- ASCENDING TRIANGLE OF S&P 500