6 month s&p = perfect head and shoulders?

Discussion in 'Technical Analysis' started by dumb_mother, Jul 5, 2011.

  1. doesn't the 6 month s&p look like a near perfect head & shoulders pattern? that along with the commodities crack, europe and huge vol increase in the bond market... makes me nervous going forwards. (ie flat and looking to get bearish if we break lower over the next week or so.)
  2. Just don't forget about the last one. No more QE, no more stimulus. They have been gaming the debt celling saga. That may void the pattern or blowout earning could. It's been a long run, so the odds are 50-50 the pattern plays out.
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  3. bond market is trading as if it wants to confirm this h&s, very strong belly
  4. tiiiiiimmmmmbbeeeeer.... look out below....