Posted by magann14 on 14th of Oct 2011 at 01:11 pm
I have been trying to get an image to upload too...but no
luck. I was referring to the futures chart. The left
shoulder formed around 5am this morning with the head around 8:30am
we are working on the right shoulder now.
Posted by chartboy on 14th of Oct 2011 at 01:22 pm
Always remember Magann..there is an art and a science to chart
reading. Right now you appear to be focusing on the "science" (i.e.
the chart).
Taking a look more at the "art"..you should consider that
despite the potential for a HnS reversal on the ES...the SPX is
actually forming a bullish trending cup with handle.
That being said...I personally would always give more weight to
a day time trending bulllish SPX pattern than a bearish
countertrend overnight ES reversal pattern.
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I have been trying to
Head and Shoulders setting up on 10 min SPX
Posted by magann14 on 14th of Oct 2011 at 01:11 pm
I have been trying to get an image to upload too...but no luck. I was referring to the futures chart. The left shoulder formed around 5am this morning with the head around 8:30am we are working on the right shoulder now.
Always remember Magann..there is an
Posted by chartboy on 14th of Oct 2011 at 01:22 pm
Always remember Magann..there is an art and a science to chart reading. Right now you appear to be focusing on the "science" (i.e. the chart).
Taking a look more at the "art"..you should consider that despite the potential for a HnS reversal on the ES...the SPX is actually forming a bullish trending cup with handle.
That being said...I personally would always give more weight to a day time trending bulllish SPX pattern than a bearish countertrend overnight ES reversal pattern.