Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

"Pullback Off Highs" Pattern In Play On Indexes

By All About Trends

The following is an excerpt from today's premium report by All About Trends. Enjoy a free 15 day trial to their service and receive daily stock picks, market analysis, and a complete trading plan.

Does everyone know their ABCs?

As you can see the SPX and NASDAQ Comp MAY be in the midst of an ABC Pullback Off Highs (NYSE:POH) building here. The Dow Industrials sure has it.

It's the weekend, take it easy here we'll have more to say about supports and what to watch for as well as watch out for over the weekend. It's still a market of stocks though too here so just because the indexes are looking iffy and wide, loose and choppy, sloppy there is still structure on individual stocks that we can work with.
Enjoy a free 15 day trial to their service and receive daily stock picks, market analysis, and a complete trading plan.

Related Posts:

After Enlightenment Tighten Helmet Cords

Zen Saying Applicable To Markets Now

Amazing Chart Of The Day: Z