Hmmmm, what is one to do?
Basically, I included the H&S educational sites to show that whatever happens we should be looking for a breakout on Friday's completion of the Inverted H&S patterns.
- http://www.investopedia.com/terms/i/inverseheadandshoulders.asp
- http://www.onlinetradingconcepts.com/TechnicalAnalysis/ClassicCharting/HeadShoulders.html
- http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b
The questions are:
- Will there be a breakout above 875?
- If it happens how far will the Bulls run? S&P 900-925?
- And when it eventually tops out and rolls over will the current prices S&P 875 hold as support?
- If the breakout fails is it 750-800 here we come..........
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