AI
Thursday, August 26, 2010 10:22:07 PM
Re: $SPX - Stalling at H&S Neckline:
Whether or not the $SPX is setting up for a renewed decline is a matter under development. However, the chart below is shaping up to conclude a Head and Shoulder formation. As this is forming up, recent decline has stalled at what may act as this formation's neckline.
This chart will remain as is until further market events invalidate this technical formation. Please free to re-visit this chart occasionally here (3rd chart down on page 1): http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281
- Dalcindo
Whether or not the $SPX is setting up for a renewed decline is a matter under development. However, the chart below is shaping up to conclude a Head and Shoulder formation. As this is forming up, recent decline has stalled at what may act as this formation's neckline.
This chart will remain as is until further market events invalidate this technical formation. Please free to re-visit this chart occasionally here (3rd chart down on page 1): http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281
- Dalcindo
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