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Tuesday, May 1, 2012

Charts I'm Watching: May 1, 2012

Re-posted from pebblewriter.com:

UPDATE:  11:00 AM

SPX just completed its bearish Bat pattern at 1414.97.  If it's going to reverse -- and not bust the H&S, etc. -- now is the time.




ORIGINAL POST: 

Stocks are up sharply on a strong ISM non-manufacturing survey, but worse than expected Census construction report.

SPX is about to complete a bearish Bat pattern at 1414.97.


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