tonz_of_gunz
Short

PERFECT HEAD & SHOULDERS ON S&P DAILY

FX:SPX500   S&P 500 index of US listed shares
A perfect H&S formed on S&P             daily timeframe , if the neckline breaks we should expect some big movement to the downside.
Topping patterns fail all the time. But another top could form and then the drop. I'm long the S&P and Russell 2000 since May 20, but the odds favor a significant move back down, since the S&P is at the top of a two year range. The rally up has been very strong (since the February low, really). There is no top yet. There is no bear momentum. These indices could do the low probability thing and continue up. We will see.
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out