Is it me or is the SPX looking like one big reverse h&s
pattern now? 4,158 head and two shoulders off those 4,220s (the
market's favorite number this year). Or are the data points
invalid? I don't know what qualifies as a reverse h&s, though
always respect price action. I just sold my leveraged exposure on
SPX. I put a hedge on for tonight's earnings. I have a long term
portfolio that it will protect in case earnings aren't good. If
they are, I'm still in good shape long term. Tough market and
backdrop. Seems things either get too negative or too positive
quickly this year.
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Is it me or is
ES Resistance 4255-60 pulling back after reaching overnight next level ...
Posted by fundamentalvalues on 28th of Apr 2022 at 03:27 pm
Is it me or is the SPX looking like one big reverse h&s pattern now? 4,158 head and two shoulders off those 4,220s (the market's favorite number this year). Or are the data points invalid? I don't know what qualifies as a reverse h&s, though always respect price action. I just sold my leveraged exposure on SPX. I put a hedge on for tonight's earnings. I have a long term portfolio that it will protect in case earnings aren't good. If they are, I'm still in good shape long term. Tough market and backdrop. Seems things either get too negative or too positive quickly this year.