ES Traders

That is not a H & S.

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]daclyyay[db][pc20!c50][vc60][iUb14!La12,26,9]&pref=G

 

So are you guys still holding those shorts after the bounce off of 1277 ?

 

yes I am

 

sort of looks like a broadening top (megaphone) no?

http://www.baresearch.com/education/technical_analysis/chart_patterns/reversal/broadening_top.php

http://www.trending123.com/patterns/reverse_symmetrical_triangle.htm

http://www.traders.com/Documentation/RESource_docs/NoviceTraders/BroadTop.html

 

I noticed here that you posted the DOW chart-I was looking at the ES chart which looks a bit different to me

 

where are you short from buysell?

 

1289

 

This was referring to the chart that volente posted

 

I think it's plausible to see the megaphone(that's a new one on me) on the chart that volente posted, however I think the ES chart doesn't have the lower lows

 

I am short from 1286. I expect lower prices ending this week. My stop is at 1296.00 That should be enough price movement to prove I am wrong.

Good luck