As far as the inverse H&S scenario, it's still a
possibility, but from a symmetry standpoint, I'd say that it needs
to play out by tomorrow, otherwise the RS get's too long with
respect to the LS. I drew a red trendline to act as
support.
For the SPY there is still a potential gap to fill
now on a 15 min ES chart, there is a potential H&S pattern
that Steve posted earlier, but it needs to turn down soon in order
for this to play out
market comments
Posted by matt on 29th of Nov 2011 at 03:23 pm
As far as the inverse H&S scenario, it's still a possibility, but from a symmetry standpoint, I'd say that it needs to play out by tomorrow, otherwise the RS get's too long with respect to the LS. I drew a red trendline to act as support.
For the SPY there is still a potential gap to fill
now on a 15 min ES chart, there is a potential H&S pattern that Steve posted earlier, but it needs to turn down soon in order for this to play out
why am I almost positive
Posted by marketguy on 29th of Nov 2011 at 04:26 pm
why am I almost positive that this inverse H&S is going to play out yet?