Friday, December 16, 2011 4:33:22 PM
A look back at SPX
If you look back at SPX March to mid April you can see the similar inverted H&S pattern we could 'potentially' be in here.
You can see the right side lower shoulder ran back up to just over 1350 beginning of May. I think this is where the 'speculation' that the SP sees another runnup over 1300 comes from.
Remember that this is just 'Speculation' based on prior chart trading patterns. Whether it will repeat is to be seen. I think if we do get a gap up on Monday the odds of it happening will be greater, we shall see.
Have a Wonderful Weekend!
If you look back at SPX March to mid April you can see the similar inverted H&S pattern we could 'potentially' be in here.
You can see the right side lower shoulder ran back up to just over 1350 beginning of May. I think this is where the 'speculation' that the SP sees another runnup over 1300 comes from.
Remember that this is just 'Speculation' based on prior chart trading patterns. Whether it will repeat is to be seen. I think if we do get a gap up on Monday the odds of it happening will be greater, we shall see.
Have a Wonderful Weekend!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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