JayJJ

S&P index; Head and Shoulder

Long
OANDA:SPX500USD   S&P 500 Index
Seems like a good opportunity to buy the break out. Wait for the price to close above and stay above the support.
EP: 2940 (if price breaks 2935)
TP: 3010-3015
Comment: *Edit: Inverse Head and Shoulder
Order cancelled: Price didnt breakthrough the neckline. Trading was cancelled.

Comments

There's a deeper head and shoulders on the RSI . Plus there is lacking volume for a breakout out of this inverse head and shoulders.
+1 Reply
JayJJ allenbrubaker
@allenbrubaker, yup, you are right, thats why i mentioned about buying only after the breakout is convincing enough.
+1 Reply
Fine long analysis and H&S catch.
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hey your content is appreciated, thanks, hope you also like my video sessions.
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