If the S&P completes its head and shoulders pattern, things could get very ugly. As you can see on the chart, the S&P looks to be moving back up to 1550. However, if it fails once we get to that level, it will be worth getting short for the ride back down to support and in anticipation of breaking the neckline. If the head and shoulders pattern becomes reality, you're looking at 1250 on the S&P in the not so distant future.
No comments:
Post a Comment