blake_20 - approximately 1325 off the shoulders trendline
(conservative measurement). The 200 EMA is just below which
is likely to be tested should the index get to the measured
move.
These are objective targets - always continue to manage your
trades in accordance with our goals and have an exit strategy in
place just in case.
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What is the downside target
Posted by blake_20 on 8th of May 2012 at 01:04 pm
What is the downside target on the H&S break on the daily $SPX?
SPX
Posted by steve on 8th of May 2012 at 01:08 pm
blake_20 - approximately 1325 off the shoulders trendline (conservative measurement). The 200 EMA is just below which is likely to be tested should the index get to the measured move.
These are objective targets - always continue to manage your trades in accordance with our goals and have an exit strategy in place just in case.