nmike

SPY WEEKLY MONEY FLOW

BATS:SPY   SPDR S&P 500 ETF TRUST
3
One pattern I really like is the Head & Shoulder.
Head & Shoulder patterns don't have to look humanoid.They can be deformed and slanted.You can have 2 heads and single shoulders and so on.Head & Shoulder also form on indicators sometime before it actually happens on price action.They sometimes appear on indicators but not on price.I call this the Ghostly Head & Shoulder.
That GHOSTLY Head & Shoulder just happened 2 weeks ago on the SPY daily on the FISHER 144.

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