Prepare for Xmas Rally

Equity rally warning issued since Nov. 24 continues.
Trolls continue to be confused.

 

SP500 weekly chart updated megaphone shows the large head and shoulders forming. All bearish patterns.

(Retarded trolls with no TA knowledge can ignore this post)

http://stockmarket618.wordpress.com

 

How about the ones WITH TA knowledge?

Is it OK to stop laughing?

 

go to a weekly and connect july 09 and july 10 lows

 

How about now?

 

If short covering has ceased then SP500 downtrend can resume.

 

SP500 buy support returns and back to SP500 8 hr inverted H/S scenario (ie bullish)

 

The only buy support there is so far is from these overnight gaps, so now this week is 3 for 3.

 

SP500 8 hr inverted H/S confirmed and shorts get cooked once again.
Trolls remain stunned and confused.

 

You are right this time! Good call!