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SPY possible reversal point
Inverse H&S forming?
symmetry approaching...
will it bounce from the arrow? If not, I think we are heading towards the gap again...
close enough for government work. I'm out..
man that was a bounce allright!
glad I closed my short - just seconds before the jump!
That support is about where the measured move is for the H&S pattern today on the intraday chart (5 or 10 min).
from late April high for the 3rd time. So far bouncing off. Like the SPY a break above could cause a big reaction (short covering). IMO
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SPY 5min
Posted by Palladin on 14th of Jun 2012 at 11:04 am
SPY possible reversal point
SPY 5 min IHS
Posted by Palladin on 14th of Jun 2012 at 11:17 am
Inverse H&S forming?
SPY 5 min IH&S
Posted by Palladin on 14th of Jun 2012 at 01:49 pm
symmetry approaching...
symmetry played out
Posted by Palladin on 14th of Jun 2012 at 02:38 pm
will it bounce from the arrow? If not, I think we are heading towards the gap again...
close enough for government work.
Posted by Palladin on 14th of Jun 2012 at 03:06 pm
close enough for government work. I'm out..
man that was a bounce allright!
glad I closed my short
Posted by frtaylor on 14th of Jun 2012 at 03:12 pm
glad I closed my short - just seconds before the jump!
That support is about where
Posted by frtaylor on 14th of Jun 2012 at 02:45 pm
That support is about where the measured move is for the H&S pattern today on the intraday chart (5 or 10 min).
Euro hitting it's 28% FIB
Posted by tomW1 on 14th of Jun 2012 at 11:15 am
from late April high for the 3rd time. So far bouncing off. Like the SPY a break above could cause a big reaction (short covering). IMO