The S&P 500 (^SPC) is poised at a key level where it is facing the possibility of breaking free from the nested triangular patterns which have characterized chart patterns for several weeks.
Momenta Pharmaceuticals (MNTA) has a complex and unorthodox pullback pattern, but it still appears that the buying surge on February 29 will see some follow-through.
Given the remarkable recovery and reversal in the US equity markets yesterday, it is legitimate to ask the question - have the lows of January been successfully tested?
Salesforce (CRM) has a bull flag formation with all of the right volume characteristics and could be ready for an attempt to regain the levels from mid-December.
The chart for Wachovia Bank (WB highlights the difficulties that the overall market is facing. It is very hard for the bulls to mount a rally, even when we are at such a critical level, when financials look as though they are hanging on by their fingertips.
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