I see a triangle here after the break out of the head & shoulders formation formed over the last days.
I think the chance of a break out to the top is more likely so I will stay in my trade I opend at 2083 and wait what will happen.
If it breaks out to the upside I assume the targets of 2108 for the triangle and for the head & shoulders formation around 2115. I...
The S&P500 shows a nice reversal head and shoulders formation on the chart.
The S&P is moving in an uptrend for the last days and weeks. I think this formation shows good that the trend will continue after a pullback.
The neckline of this formation is also at the 38.2 fib level of the last upside move. So I expect a short term price fall back to 2083 +/-. And...
