S&P 500: Potential Ending Diagonal Triangle

sp500-8-apr-09

S&P500 hourly chart: Potential Diagonal Triangle?

S&P500 hourly chart: Potential Diagonal Triangle?

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It is perhaps too soon to confirm that this is a diagonal triangle, which is why I have drawn the dashed line pointing directly lower. What I would like to point out to you is should we reach 850 area again, we should have another low-risk opportunity to sell. The target remains 756.

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