Silver-Silver

Massive inverse H&S

INDEX:SPX   S&P 500 Index
General idea. Make what you will of it.
LongtermTarget: 21.200
What can we see?
In the long run, we see a huge bullmarket since 03/2009. Since 08/2015 the market consolidates very volatile.
The consolidation range reached from 15.400-18.000. The last bottom test earlier this year, formed a clear double bottom - the result was an exploding market which skyrocketed round about 2.700 Points!
Since 04/2016, this massive trend consolidated - a shortterm downtrend appeared.
Should the market test again the Niveau above 17.800 - a H%S-pattern would be formed. The target of this pattern is good for 2400 Points - 13,46%.
Below 17.000 Points, ist getting more and more risky.

Reply
Yeah! You have a very good view!!!
H&S - good for 2.400 points or 13,5%

Reply
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