SPX any possibility that this is a reverse H&S pattern? Head
at 4,115 and the shoulders at 4,220s from January and also today?
Getting close to a 9/13 ma cross as well. They aren't making it
easy on bulls or bears this year
Correct - that's what happens in overlapping waves that we have
seen for weeks - not a true IHS pattern to answer your question.
Lacks symmetry but that alone doesn't rule out higher
prices
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SPX any possibility that this
Posted by fundamentalvalues on 15th of Mar 2022 at 03:27 pm
SPX any possibility that this is a reverse H&S pattern? Head at 4,115 and the shoulders at 4,220s from January and also today? Getting close to a 9/13 ma cross as well. They aren't making it easy on bulls or bears this year
Correct - that's what happens
Posted by steve on 15th of Mar 2022 at 03:31 pm
Correct - that's what happens in overlapping waves that we have seen for weeks - not a true IHS pattern to answer your question. Lacks symmetry but that alone doesn't rule out higher prices