Nice inverse H&S in the making (s&p500)

Discussion in 'Technical Analysis' started by Heydrrich, Apr 25, 2019.

  1. [​IMG]
    [​IMG]
     
    #11     Apr 26, 2019
  2. thx didnt know that. H&S = C&H - most distant shoulder.
     
    #12     Apr 26, 2019
  3. lets fly
    [​IMG]
     
    #13     Apr 26, 2019
  4. maxinger

    maxinger


    It looks more like LET'S SLEEP rather than LET'S FLY.
    since movement has been rather sluggish , it will continue to move sluggishly even though
    it breaks your trend line.
     
    #14     Apr 26, 2019
  5. possible
     
    #15     Apr 26, 2019
  6. [​IMG]
    [​IMG]
     
    #16     Apr 26, 2019
  7. damn guys always buy the 0.786 blindly

    [​IMG]
     
    #17     Apr 26, 2019
  8. padutrader

    padutrader

    even though GDP is good no reaction from spy
    when good news gets no reaction then market has topped but it does not mean it will fall

    the big guys will hold the market and distribute for months if not a year.

    so sleepy bye
     
    #18     Apr 26, 2019
  9. bulls looking exhausted, 5 waves right at resistance.
    [​IMG]
     
    Last edited: Apr 26, 2019
    #19     Apr 26, 2019
  10. padutrader

    padutrader

    do not get excited

    markets do not enter a bear phase without distribution and that means months of sideways movement

    if bulls are exhausted they will take a rest and be back

    a 10% fall is a correction but to short term day traders it will look like a bear market
     
    Last edited: Apr 26, 2019
    #20     Apr 26, 2019
    Heydrrich likes this.