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Draytrader4
Jan 30, 2019 11:26 PM

Inverse Head and Shoulders in SPX? 

S&P 500SP

Description

Watch out for this potential Inverse Head and Shoulders which looks on track so far with the neckline break to the upside today.

If the market continues to push up with decent volume the target of the Head and Shoulders would take us back to all time high levels around 2950.

With lots of TA bearish could we be moving up??

If the neckline isn't able to hold discard the pattern.

GL!

Comment

Looks good so far! strong breakout with volume.

Don't be afraid to take profit, target at 2790 and 2900.
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