Nice H&S formation on DIS now. Could lead to a nice drop if it breaks the support in yellow.
Seeing a few nice H&S patterns in bigger names that have been leading the overall market higher during the last year or so, right as the Fed announces planned slowdown in QE.
Still bullish on many names with nice bases but seeing some topping signals in some big high-moving stocks from the last year or so.
*Not financial advice -- opinion only*
Seeing a few nice H&S patterns in bigger names that have been leading the overall market higher during the last year or so, right as the Fed announces planned slowdown in QE.
Still bullish on many names with nice bases but seeing some topping signals in some big high-moving stocks from the last year or so.
*Not financial advice -- opinion only*