axelroark

NYSE Potentially Setting Up H&S

TVC:NYA   NYSE Composite Index
This pattern will delight and disappoint bears, as it leads to short term squeezes with long-term payoff. Would be hard to hold a short through this cycle, especially given the need to roll contracts beyond September.

Invalid if price dumps early, which it may.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.